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Bernanke: This may be worse than Great Depression

 
Avian

User ID: 467570
United States
07/28/2009 07:38 AM
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Re: Bernanke: This may be worse than Great Depression
I was watching the ABC nightly news with Traitor Gibson and all the other staff (too bad) and during the economy series they said in the end and I quote:

"we are going to have a jobless recovery"

green shoots, economy recovering, markets doing well...but uh..oh I am sorry, no one will be getting their jobs back


all smoke and mirrors folks...yup worse than the great depression
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Andromeda

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07/28/2009 07:49 AM
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Re: Bernanke: This may be worse than Great Depression
Nothing infuriates me more than the "too big to fail" excuse.

If banks become too big to fail-- or they destroy the world economy, they should clearly be broken up and the barriers to combining investment bank and retail banks in one institution should be raised back up again.

Why isn't legislation being passed that permits the downsizing of these banks happening?

The capitalist side of our finance sector is no longer free market, but it consists of mammoth banks that keep their profits and socialize their losses. They suck and don't support the economy with the lending and investing they are supposed to provide.

It's infuriating to me how the feds are keeping this economically perverted system afloat and do nothing to change it.
Andromeda

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07/28/2009 07:52 AM
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Re: Bernanke: This may be worse than Great Depression
I was watching the ABC nightly news with Traitor Gibson and all the other staff (too bad) and during the economy series they said in the end and I quote:

"we are going to have a jobless recovery"

green shoots, economy recovering, markets doing well...but uh..oh I am sorry, no one will be getting their jobs back


all smoke and mirrors folks...yup worse than the great depression
 Quoting: Avian

You know what this means, it means that the "recovery" -- if any occurs -- will be just a paper and liquidity one like the ones were earlier in this decade. We are not "recovering" in the sense that the economy has corrected some of its structural flaws and the markets have shifted. This is just a temporary reinflation of the unhealthy liquidity bubble.

IMO if we see any recovery at all, it will be just a short-term stall in the bubble burst that our leaders are trying to stave off, as if they can have an economy that never suffers market corrections.
Avian

User ID: 467570
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07/28/2009 07:55 AM
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Re: Bernanke: This may be worse than Great Depression
Nothing infuriates me more than the "too big to fail" excuse.

If banks become too big to fail-- or they destroy the world economy, they should clearly be broken up and the barriers to combining investment bank and retail banks in one institution should be raised back up again.

Why isn't legislation being passed that permits the downsizing of these banks happening?

The capitalist side of our finance sector is no longer free market, but it consists of mammoth banks that keep their profits and socialize their losses. They suck and don't support the economy with the lending and investing they are supposed to provide.

It's infuriating to me how the feds are keeping this economically perverted system afloat and do nothing to change it.
 Quoting: Andromeda


Infuriates me too....
dont need federal legislation to downsize a public company...just let them fail...the peices will naturally be sold off and liquidated...the good parts will be bought up by smaller more prudent banks...thats good old fashioned american capitalism when you get the fuck out of the way with government intervention...Obama is a communist giving public money to private friends to purchase stocks in the market and execute a fake ralley to make money on the poor slobs who thinkg the economy is BACK...fools

Last Edited by aVian on 07/28/2009 07:56 AM
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Anonymous Coward
User ID: 527834
United Kingdom
07/28/2009 07:55 AM
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Re: Bernanke: This may be worse than Great Depression
You tell my grandmother this is worse than the one and only real Great Depression. She'll laugh at your sorry spoiled ass.
 Quoting: Anonymous Coward 734834


But that is the point, in the 1920's most people were used to a very low standard of living (especially so, when compared by today's standard), they knew how to look after themselves (and each other) because they knew their neighbours. Times were very hard, but so were the people were also hard.

This time, Amerika is full of softies, used to everything landing in their laps. Suburbs now spraw on for miles and miles. The old farming infrastructure is now (big) agribusiness, the small hard working farmers are long gone. EVERYTHING is on a knife edge compared with 80 years ago. If law and order breaks down, then Amarika is a goner. This is the reason for all the FEMA camps - that, until recently, the existence of which, was denied!
Anonymous Coward
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United States
07/28/2009 08:01 AM
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Re: Bernanke: This may be worse than Great Depression
Fed chief says growth will resume at 1% in the second half of this year


 Quoting: Redheaded Stepchild


Yes, I'm ready for resumed growth this year!

flag waver
NasTraDooMis

User ID: 726396
United States
07/28/2009 08:05 AM

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Re: Bernanke: This may be worse than Great Depression
Hey there Red, how ya been ? hi
Just passing thru.
OG id 126286
NasTraDooMis
Anonymous Coward
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United Kingdom
07/28/2009 08:21 AM
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Re: Bernanke: This may be worse than Great Depression
I'm writing to Mr Bernanke as I'd like the position of Head Manager of Cloud Cuckoo Land.
Godot

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07/28/2009 08:47 AM
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Re: Bernanke: This may be worse than Great Depression
Ben cheerleading again ... with the new full disclosure policy being placed front and center. He should have finished it up with a nice rendition of "Tomorrow, Tomorrow".

Nice to see you Red.
Yes it's safe, it's very safe, it's so safe you wouldn't believe it....
... No, it's not safe, it's very dangerous. Be Careful.
Anonymous Coward
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Netherlands
07/28/2009 08:52 AM
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Re: Bernanke: This may be worse than Great Depression
Fed chief says growth will resume at 1% in the second half of this year




Yes, I'm ready for resumed growth this year!

flag waver
 Quoting: Anonymous Coward 712738


I'm ready too! But, I'd put it at 50/50 to even get past October with decent numbers, yet alone December.
Godot

User ID: 720967
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07/28/2009 08:55 AM
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Re: Bernanke: This may be worse than Great Depression
But that is the point, in the 1920's most people were used to a very low standard of living (especially so, when compared by today's standard), they knew how to look after themselves (and each other) because they knew their neighbours. Times were very hard, but so were the people were also hard.

This time, Amerika is full of softies, used to everything landing in their laps. Suburbs now spraw on for miles and miles. The old farming infrastructure is now (big) agribusiness, the small hard working farmers are long gone. EVERYTHING is on a knife edge compared with 80 years ago. If law and order breaks down, then Amarika is a goner. This is the reason for all the FEMA camps - that, until recently, the existence of which, was denied!
 Quoting: Anonymous Coward 527834


Yep.. ask anyone you know too kill & dress a chicken and watch the comedy act that follows. Are there exceptions? Sure there are.... 32 of them.

The thing is... it won't get that bad. If the Super Markets shut down for 24 hours in this land or any other "domesticated" land, all good people will be standing in line to sell or ship their children to the camps if thats what it takes to feed.
Yes it's safe, it's very safe, it's so safe you wouldn't believe it....
... No, it's not safe, it's very dangerous. Be Careful.
Gomer Pyle
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United States
07/28/2009 08:58 AM
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Re: Bernanke: This may be worse than Great Depression
Surprise surprise surprise. I guess all you tools who laughed at Dr. Paul and Schiff are gonna have one big shit sandwich to eat in the near future.
 Quoting: Anonymous Coward 412938



Yer right, Sgt. Carter.
Gomer Pyle
User ID: 456756
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07/28/2009 09:03 AM
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Re: Bernanke: This may be worse than Great Depression
But that is the point, in the 1920's most people were used to a very low standard of living (especially so, when compared by today's standard), they knew how to look after themselves (and each other) because they knew their neighbours. Times were very hard, but so were the people were also hard.

This time, Amerika is full of softies, used to everything landing in their laps. Suburbs now spraw on for miles and miles. The old farming infrastructure is now (big) agribusiness, the small hard working farmers are long gone. EVERYTHING is on a knife edge compared with 80 years ago. If law and order breaks down, then Amarika is a goner. This is the reason for all the FEMA camps - that, until recently, the existence of which, was denied!


Yep.. ask anyone you know too kill & dress a chicken and watch the comedy act that follows. Are there exceptions? Sure there are.... 32 of them.

The thing is... it won't get that bad. If the Super Markets shut down for 24 hours in this land or any other "domesticated" land, all good people will be standing in line to sell or ship their children to the camps if thats what it takes to feed.
 Quoting: Godot



A.) Lop chicken head off.

B.) Watch chicken do headless dance

C.) Hand headless chciken feet first onto clothes line to bleed out.

D.) Dip chicken into scalding hot water.

E.) Pull off feather and pin feathers

F.) Cut off feet and wings

G.) Gut (save gizzard, heart and liver for giblet gravy).

E.) Wash and check for more pin feathers.

F.) Fry chicken up and dance on porch after Supper.
Anonymous Coward
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07/28/2009 09:03 AM
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Re: Bernanke: This may be worse than Great Depression
we being played like a cheap banjo! the doom wont end.
Anonymous Coward
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Germany
07/28/2009 09:06 AM
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Re: Bernanke: This may be worse than Great Depression
Everything will be fine .

As long as we give the parasites even more control and power or start another war to get the economy moving along.
Anonymous Coward
User ID: 550600
Canada
07/28/2009 09:18 AM
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Re: Bernanke: This may be worse than Great Depression
Don't worry...


World War III will pull us out.
 Quoting: Anonymous Coward 736570

actually thats wrong. should read DON,T WORRY

WHEN POLE SHIFT HAPPENS NOTHING MATTERS EXCEPT FOR DAY TO DAY SURVIVAL.
Anonymous Coward
User ID: 456756
United States
07/28/2009 09:28 AM
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Re: Bernanke: This may be worse than Great Depression
Don't worry...


World War III will pull us out.

actually thats wrong. should read DON,T WORRY

WHEN POLE SHIFT HAPPENS NOTHING MATTERS EXCEPT FOR DAY TO DAY SURVIVAL.
 Quoting: Anonymous Coward 550600



I've sharpened my butter knives to razor edges. I should of told Uncle Ted before he cut his tounge off eating peas.
Godot

User ID: 720967
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07/28/2009 09:41 AM
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Re: Bernanke: This may be worse than Great Depression
F.) Cut off feet and wings

 Quoting: Gomer Pyle 456756


LOL - Very good Gomer. Don't forget to save the feet for pickling or making stock. Waste not want not.
Yes it's safe, it's very safe, it's so safe you wouldn't believe it....
... No, it's not safe, it's very dangerous. Be Careful.
Anonymous Coward
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07/28/2009 09:46 AM
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Re: Bernanke: This may be worse than Great Depression
I have wondered just how things are supposed to turn around?

There is no longer a big enough job base to pull us out of the gutter.

Seems like that is the kicker between the great depression and what is ahead.

We have been set up for failure any way you look at it.

Not enough jobs to pay the amount of taxes needed to feed the gov and not enough common sense for anything to be done about it.

Our workers just can not work cheap enough to change that and how nobody saw it coming is just crazy.

"Free trade" has kicked us in the balls.
Q LWIII GF

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07/28/2009 09:53 AM
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Re: Bernanke: This may be worse than Great Depression
The last time they went on and on about "a strong dollar policy", the dollar devalued against other currencies a significant amount. It has rebounded since, but is now once again on it's way down.
Q LWIII GF

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07/28/2009 09:55 AM
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Re: Bernanke: This may be worse than Great Depression
One further comment. The participants were screened as is typical now. Essentially, the whole thing was scripted, thus they air it on PBS. If you ask me, it's pure propaganda.
Anonymous Coward
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07/28/2009 10:25 AM
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Re: Bernanke: This may be worse than Great Depression
IF you live in a state which is run by democrats you will be a long time climbing out of this disaster. Oregons unemployment rate is almost as high as Michigan something like 13%, boneheaded senate voted to tax the small business
like we have it to give.

DO NOT MOVE TO OREGON we are screwed here.. boneheads running the state who have not a clue about $$$$$$$ iF your from CA? MOve on to Washington,LEAVE.. now! If your an illegal alien.. GO HOME! This state is a mess, any business done is nothing but a dead cat bounce .. next fall we will be virtually done for.
Anonymous Coward
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07/28/2009 10:38 AM
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Re: Bernanke: This may be worse than Great Depression
Perhaps I'm daft, or perhaps red is indeed blue, up is down, and left is right, but how on earth can the economy recover if people are loosing their jobs left and right, having hours and pay cut, immigrants and refugees pouring in my the millions, and overwhelmingly living off state benfits, meanwhile our rampant consumer credit based culture mindset is still intact. What changed? You're telling me that in less than a year, everyone learned their lesson, Wall Street is no longer a giant ponzi scheme, people are living within their means, etc...? How can an economy recover if people don't have any money to put back into the economy? How can the economy recover as Amerca continues its descent into a giant service industry? Either we're all too dumb to understand the how this recovery is happening, or something is seriously afoot. And yes, I know what all the theories say, but why haven't they happened yet? What happened to the "Summer of Hell?" What are TPTB waiting for?
Avian

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07/28/2009 10:47 AM
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Re: Bernanke: This may be worse than Great Depression
But that is the point, in the 1920's most people were used to a very low standard of living (especially so, when compared by today's standard), they knew how to look after themselves (and each other) because they knew their neighbours. Times were very hard, but so were the people were also hard.

This time, Amerika is full of softies, used to everything landing in their laps. Suburbs now spraw on for miles and miles. The old farming infrastructure is now (big) agribusiness, the small hard working farmers are long gone. EVERYTHING is on a knife edge compared with 80 years ago. If law and order breaks down, then Amarika is a goner. This is the reason for all the FEMA camps - that, until recently, the existence of which, was denied!


Yep.. ask anyone you know too kill & dress a chicken and watch the comedy act that follows. Are there exceptions? Sure there are.... 32 of them.

The thing is... it won't get that bad. If the Super Markets shut down for 24 hours in this land or any other "domesticated" land, all good people will be standing in line to sell or ship their children to the camps if thats what it takes to feed.



A.) Lop chicken head off.

B.) Watch chicken do headless dance

C.) Hand headless chciken feet first onto clothes line to bleed out.

D.) Dip chicken into scalding hot water.

E.) Pull off feather and pin feathers

F.) Cut off feet and wings

G.) Gut (save gizzard, heart and liver for giblet gravy).

E.) Wash and check for more pin feathers.

F.) Fry chicken up and dance on porch after Supper.
 Quoting: Gomer Pyle 456756



A.) Should read Catch the little fucker first
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Godot

User ID: 720967
United States
07/28/2009 10:57 AM
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Re: Bernanke: This may be worse than Great Depression
A.) Should read Catch the little fucker first
 Quoting: Avian


LOL... well, seeing I jacked the thread with the chicken comment I guess I owe it something useful.

1) I gut my fowl while they are still warm.

2) A great trick for pin feathers- if the bird is in mid molt, have a bit of paraffin melted in the water your dipping the bird into. Give the bird a good coating of that wax and when it cools, you just peal it off. 99% of the pin feathers come with it. Ends up smooth as a baby's bottom

Last Edited by Godot on 07/28/2009 10:57 AM
Yes it's safe, it's very safe, it's so safe you wouldn't believe it....
... No, it's not safe, it's very dangerous. Be Careful.
Anonymous Coward
User ID: 726434
United States
07/28/2009 11:03 AM
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Re: Bernanke: This may be worse than Great Depression
Cool, on the same day Time Magazine says the Recession is over!
 Quoting: Frightning White


so much unbeliveable stuff going on!!
Godot

User ID: 720967
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07/28/2009 11:08 AM
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Re: Bernanke: This may be worse than Great Depression
Cool, on the same day Time Magazine says the Recession is over!

so much unbeliveable stuff going on!!
 Quoting: Anonymous Coward 726434


Unbelievable? We've been predicting this shit for five years.
Yes it's safe, it's very safe, it's so safe you wouldn't believe it....
... No, it's not safe, it's very dangerous. Be Careful.
jogleaso
User ID: 736699
United States
07/28/2009 11:10 AM
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Re: Bernanke: This may be worse than Great Depression
why would you dress a dead chicken? They wont even know what they are wearing.
headlessch
Anonymous Coward
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United States
07/28/2009 11:12 AM
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Re: Bernanke: This may be worse than Great Depression
You tell my grandmother this is worse than the one and only real Great Depression.
She'll laugh at your sorry spoiled ass.
 Quoting: Anonymous Coward 734834

This one is just getting started.
Anonymous Coward
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United States
07/28/2009 11:22 AM
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Re: Bernanke: This may be worse than Great Depression
Are you ready? Got some food put up?

[link to www.marketwatch.com]
The Fed
Jul 26, 2009, 10:21 p.m. EST

Bernanke: This may be worse than Great Depression

 Quoting: Redheaded Stepchild


Good to see you posting again RHSC.

You gotta wonder how candid Bernanke is. This comes on the heels of the fed's popularity at an all time low, pressure by Congress to audit their books and even the potential that if the economy keeps sinking after the "save the banks first" tactic fails the fed may be restructured or disbanded.

News