09 07 30 Bernanke Rebuttal - From PBS

[PsycAndrew]

Just awesome!

[kosai19]

Why is Ben's voice quivering in the middle of his answer? Anyone notice that... like he's getting nervous.

[bubonick23]

I've also noticed that.  Maybe he just needs to exercise more so he can be a bit more confident. Or,.. he's scared as shit because he doesn't know how long we are going to keep buying it.

[Americanluvunit]

He always talks like he's nervous as hell.

And he should be.

When the American people come to know in mass what he and his friends are up too they will want them behind bars, if not shot dead.

[squeezetruck]

Secret service had sniper rifles pointing at his forehead.

[Mrice0406tube]

Great job Carl. Get em. They are stealing from us!  Eliminate the fed.

[freemanconvergence]

He was very meticulously and tensely selecting which words to say! Please help End the Fed. We can do it, research how! Research/Contact Congressman Dr. Ron Paul.

[Tasadaru]

If you look at the monetary base (paper money and coin) from years 2000 to present day, the physical money supply has actually tripled. You can find this in the St. Louis fed website. For gold to do what it did in 1980, the price would have to go to at least $7500. And that's if they stopped printing today. Get your silver while you still can.

[ignoblius]

I sense fear in Bernanke's voice and demeanor.

[Atoyota]

A lot of good posts today on your blog Karl.

I hope you do a summary of the debt auctions at some point, I'm sure it would be enlightening.

I gave my take on the reply to the question on facebook. I'm very appreciative of your honest and no BS summary of daily events in your blog diary of the finance fiasco of the century.

Bubble economics and cover-up. All good stuff.

Well.. not that I'm enjoying it, I'd prefer we were honest dealers, but we are not and I'm glad you are there to reveal it.

[smartfan2]

O Lord Jesus I can't wait until u come back and reclaim the earth from Satan and his followers (Bernanke, Bush, obama, Ratzinger, Sarkozy and more) AMEN!

[sonofaglitch2]

What legitimate borrowers are unable to receive credit lines from banks? I live in Austin, TX, and credit is readily available, assuming you have a good history of repayment and creditworthiness.

This is simply more prevarication, distraction and obfuscation from the Chairman of the Farcical Reserve.

He's been dead wrong from the start, to assume he's suddenly being honest or forthcoming is downright preposterous.

It's encouraging to hear your question on PBS, KD. Keep up the great work!

[NoesisNRG]

love your videos :)

[CardsDefense]

Karl for President!!!

[pk5787]

Game over man, we're toast man. Poverty is about to become a way of life for millions more Americans. Thanks assholes, I hope you choke on your caviar.

[lenny380]

they just don't get it -AMERICANS DON"T WANT ANYMORE OF THE BS. And they don't want Government to be so DAMN NICE. Tighten up or go into extended depression. Americans ARE able to cut back, suck up, and cool off - just the way we are supposed to to recede and recover.

[robkim55]

Yes Clearing debt from the system is the most important thing to do now.

Make no mistake we are headed for inflation --it seems that the Federal Reserve system 'prefers' hyper- inflation to deflation or zero inflation.

Hang on tight to your seats ladies and gentlemen!!!

[davidpark68]

................ It's gonna be one hellava ride.

[ckekinit]

I think they are crashing the Dollar and opening the door to what really goes on behind the Green Curtain so to speak...so the IMF can take over..We fail they take over....Next step in their NWO. They will have us all beg for it when the dollar crashes (world crashes)... Crazy times for sure.

[davidpark68]

Goodbye sovereignty, Hello socialism (or fascism, It's hard to tell who owns who) when it happens it's our job to make sure Our Government reverts back to Constitutional Money & not follow the NWO Fiat currency. once a world currency is Established they will do away with Physical currency & go to a debit card. no more Flea markets or want ads, all commerce will be done through stores. of coarse with a tax rate of their choosing with no way around it. IMO

[psxwarrior]

From what I've heard, the fed is paying the banks to keep the money parked with them, instead of lending that money out. If this is true, it's just more lies. These people's concience are so seared that they don't even know what right or wrong even is. They can lie without even batting an eyelash.

[lighthammer2531]

...

[bithead1]

You, my man, are awesome. You are right on the money, literally and figuratively speaking. If no one has told you before...keep doing what you are doing. You are starting to get MSM publicity and I hope that one day soon, you will be on a prime time debate with these jokers.

[bertly71]

You had a good common sense question and he gave a Washington speak, convoluted answer.

[33115566]

Employers slash product prices to a break even level then try to pay workers with 1980's wages. Management has lacked vision, staying power, and integrity. They lack the creativity to turn a business around and they try to dump their failures on the workers.

[davidpark68]

Don't try to push this off on Employers. some Employers are doing all they can to at least keep their employees going. a cut back in hours, wages, & benefits is what keeps the economy above water for now. what would happen if the Employers just laid everyone off instead of "slashing product prices to a break even level then try to pay workers with 1980's wages"? Unemployment & welfare would dry up. think about you comment. if they are at break even level then they're not making a profit

[fal2grace]

Great response Karl! Keep after them! btw, I used to live in fabulous FWB:)

[Skywitness]

It's amazing, Karl asks a direct question and Ben goes off into a nonstop, off the subject, mind numbing, talking charade.

Ben has fear in his eyes also.

[psxwarrior]

The fed is being cornered, and they know it.

[Skywitness]

Way to go Karl....keep pluggin away.

[docrobphotostop]

thank you for this post, this info is getting out slowly, but do we still have time to fix things?

[aw3212]

not only are we not doubling our wages, we are drastically reducing them and reducing are production (less hours). Credit is just the latest bubble to keep us afloat - the trouble is they popped the bubble and yet people still are living as though it hasn't.  People are on their last leg when it comes to paying pills, soon they will have nothing to stand on and then BOOM, the biggest crash in the history of the world.

[Lekozza]

I could sense nervousness in his voice, perhaps he is uncomfortable with public speaking or maybe the pressure is getting to him?

L.

[JP5466]

What a bullshitter! 

CRIMINAL!

[motonegros]

I can't watch this bald-headed asshole, shame on Americans for not striking and marching and screaming from every window and doorway that they're not going to take this shit anymore.

Despicable!

[davidpark68]

It's coming. the pain of this depression is only an annoyance right now. when people are hungry & the lights go out they will look for the one's Responsible to channel their anger. right now we have a safety net, once we can no longer finance the safety net..... all bets are off

[CaliforniaArchitect]

yes, we are in the Second Depression.

[smithma01]

Who owns the license ?

I'd get designing if I were you ;-)

[JSAJunkie]

Bernanke sounds like he's about to cry and scream out "I ADMIT IT! WE ARE SCREWED!!"

You can't tell me he doesn't know exactly what the score is. Someone waterboard the fucker. Pathetic.

[smithma01]

Sir, good video as always however I'd like to ask you this, do you think that US companies selling first class goods such as the iPhone and other newer technologies into the Chinese consumer market for the first time may help reduce trade or reserve imbalances? I know these countries tend to make these items but they are now getting to the point were they are also becoming buyers. Don't you think that the cash spent by these people on US goods will help the numbers?

[Immy1993]

just check where iphones are being manufactured?

[VeriSheri]

They cut the interest rate to zero...and what happened?? Have rates gone down?? Just the interest rate on my savings accounts! It's really hard to listen to his BS.

[JSAJunkie]

Buy ammo. It will be the currency. Could be 6 months, could be 6 years .. They fucked it pretty good. I think I'm right on this.

[edAVP1138]

Could you imagine that if in 1913 they would have had town hall meetings like this around the country teaching people what the Federal Reserve would do for the American people. It would be absolutely unthinkable that the elites would attempt to explain what the Fed would do. These guys are running scared because people have realized that they have been robbed and screwed over and the Fed are the ones who have done it, and now they want to hold the accountable.

[Rockerchic4God]

KD for Treasury Secretary in '12!!!

[d3adp001]

well when money is considered a commodity, the end result will always be a system of credit, and a percentage of lose aka inflation. Therefore there will be a statistical ratio of poor and rich, and in between, but the system will be a debt bound exponential spiral, a growing percentage, with a doubling time.

[d3adp001]

Only when money is properly viewed and valued will a stable system be created. Money is not a comodity, how can the labor of people and their savings be limited in its amount? It can't, money is a place holder for work done. Stocks are supposed to be a placeholder for a corps worth, but when both are subjects of speculation and manipulation they have the ability to lose their value. The money supply should be equal to what is needed,

[d3adp001]

What is the amount of value produced in labor, and what is the amount of savings. When did we all forget that savings is the proper form of financing, not barrowing. The ability to barrow does only negative things in the long run, it inflates the prices of things to be purchased with barrowed money, which leads to speculative markets. This system is wrong, and will not work in the long term, no matter what you would like to hope.

[Repomex01]

get em Karl

[tenagliac]

That was an amusing clip. The drunk alaogy. Like giving a drunk more whiskey to sober up. He's denies it, and goes on to tout the benefits of rum and the virtue of alcoholism. Like the only product he has to offer is debt.

So maybe we need a department of financial default that flushes away debt and makes a new financial paradigm. The opposite of the fed.

[BendoverBernanke]

Karl,

From your perspective and with our current understanding of how this has been handled by those in control. Knowing that our voice is not relevant to them.

1) How does this end?

2) When does this end?

Simple questions, but in the grand scheme of things I think you may have formed a final prediction of this outcome.

[limitedgovt999]

1) Will end in high inflation and more likely than not hyperinflation.

2) Recession turns into depression within 1 year, massive inflation over the next 1-3 years, hyperinflation in 3-5 years. End of depression in 10-15 years (assuming Obama wins a second term and another socialist Keynsian follows him).

If Ron Paul becomes president in 2012 then maybe we will start recovering within one year of his becoming president.

[BendoverBernanke]

I dont think the entire planned cycle will happen this time. Too many people are aware of the intention. Hope I am right, maybe I am wrong.

[banjojambo]

Its just one big game of kick the can .except the can is a 50 gallon barrel filled with cement

[davincij15]

Good question Karl. I am glad you asked it.

Now, when will you stop believing that debate with people in power will make them change their tune.

I tried debating you on the merit of owning physical gold and silver when we have a system of money and credit that can collapse any day and you refuse. So don't expect any kind of debate from them.

It is clear that all levels of the market and the financial system is corrupt and for the most part, bankrupt, it will end suddenly without warning.

[tiroler537]

Ben knows all to well who Karl is,he looked like his pants filled up with the same crap he is feeding the country ,as as he heard Karl 's name....lol

[gramig0]

You go, go, GO  Karl!!

Thanks, love your forum....

[Schwanke78]

Well done, expose that criminal Bernanke!

[FatLibertarian]

Karl, you should head the fed.

[Gazerbeam72]

...or at least run for US Senate along with Schiff in 2010!!

[CarryANationIII]

I'd vote for Denninger over Schiff.

I don't trust Schiff. In fact, he was pretty clear about his priorities as Senator - he will represent the millionaires and trillionaires in Connecticut.

I guess I'm too poor to support Schiff.

[tyronebiggums3]

You've convinced me, Karl. Time to load up on Gold and Silver!

[quicktripgas]

Are you kidding!!! Sell all your gold and silver and put that money into the stock market so you can take part in this beautiful rally to 12,000!!!!!!!!

[tyronebiggums3]

LOL 

Bravo!!

LOL

[davincij15]

I have no doubt that the government market, I mean stock market will do well in the coming months.

[CarryANationIII]

Why? Karl has specifically warned against loading up on metals.

Silver? Will drop like the rest of commodities, silver has no more monetary value, and industry demand will continue to be low.

Gold? No upside, we've already had the revaluation, could drop and stay that way for decades (again)

Anyway if anyone wants to buy some physical gold or silver, PM me I'm dumping some.

[tyronebiggums3]

My comment was a semi-inside joke that goes back a long time.

But I still think the dollar is doomed.

[soulharvest2012]

What you just said drives the metal bugs absolutely insane, however, if deflation trumps inflation, for awhile, that's exactly what will happen. If the deflationists are wrong then the metal bugs can stand atop their pile of financial skulls and decalre victory. EITHER WAY, it's not going to be good for America. 50% unemployment, or $50 for a loaf of bread. Either way spells death for the middle class and for the country.

[limitedgovt999]

-China is accumulating gold.

-Federal Reserve has doubled the money supply and has no exit strategy.

-Congress is spending like there's no tomorrow and this money is not being held as reserves at the Fed.

I say holding U.S. dollars or bonds is insane.

Gold and silver is real money and will appreciate relative to the dollar as our govt continues debasing the currency at a record pace.

[0PsycoDad0]

Yea goldbug, as with any other comodity, they´re likely to rise.

BUT as you might have noticed, even IF the US admitts tommorow it´s broke, it doesn´t cease to exist. So no need of spreading your gloom and doom. The world will NOT end.

[GordonWalton]

When Ben's lips are moving, you know he's lying!

[Bassmarko]

Amazing two video's love the stuff you are doing. You are ore popular than you think. Keep the video's coming.

~Peace

[galikazoid]

@2:04, that guy's face says it all

thank you ticker-guy, keep up the good fight

[crasster1]

Congrats for getting the great question in.

I agree completely with YOU!

[unworldlything]

Benny is genius!!!!!!!!! hahahahahhahahha~~~