December 17, 2008

"The U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars"

I will keep printing this quote until it finally clicks with all of you.

I'm just trying to help.

"U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

"By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services"


-Ben Bernanke, talking about the helicopters, November 2002

8 comments:

Anonymous said...

It's OK, the US Government (gang of crooks) is well prepared to impoverish the citizens of the United States and then suppress them with the military on US streets.


Army ‘Strategic Shock’ Report Says Troops May Be Needed To Quell U.S. Civil Unrest


As Alex Jones and crew have been exposing for years now the US military has been preparing for suppressing the slaves as they lose everything to the international bankers for years now.

You all should have stopped worshipping your "leaders" and presidents as if they were heroic gods and virtuous kings and thrown your shoes at the disgusting, corrupt and traitorous dogs they really are.

Anonymous said...

Wait just a minute keith, I thought obama was a new beginning. The savior. Our redeemer.

From housingpanic, "And so I end the blog on hope. After the anxiety, after denial, after fear, after desperation, panic, capitulation, despondency and depression, comes hope."

"It's time to rebuild. It's time to reinvent. It's time to hope."

Hyperinflation on Obama's watch is not hope. It's fear. Hyperinflation is not the kind of change we need. Hyperinflation will solve one problem and create ten more.

Obama and congress will not get rid of Weimar Ben like they should. Obama will compete with Bush for the title of "worst president ever."

Anonymous said...

Bernanke is an economic GENIUS.

Bernanke is a SCHOLAR of the GREAT DEPRESSION.

Bernanke is an ECONOMICS PROFESSOR.

Bernanke is one of the BRIGHTEST SHINING LIGHTS in the WORLD OF ECONOMICS.

Bernanke writes ECONOMIC TEXTBOOKS!!!

Who are you Keith?

Keith is a drifter who panhandles for money in the various cities of Europe.

Bernanke is going to SMACKDOWN everybody with his fast and furious Great Depression fighting printing press. You'll see. He's going to pump your wallets so full of greenbacks that you'll be forced to spend them to STIMULATE the economy because you won't have enough mattress space to keep all them greenbacks.

Bernanke is THE MAN WITH THE PLAN to BRING AN AVALANCHE OF INFLATIONARY AGGRESSION TO DELIVER A FINAL BLOW OF SUPPRESSION TO THE GREATER DEPRESSION!

Yes Bernanke Can!

Anonymous said...

GOT AMERO'S?

RayNLA

Anonymous said...

condescend much?

blogger said...

"The focus of the Committee's policy going forward will be to support the functioning of financial markets and stimulate the economy through open market operations and other measures that sustain the size of the Federal Reserve's balance sheet at a high level."

Wow.

It's right there. Everything you need to know.

Wow.

Anonymous said...

Bernanke is over reacting. Even if unemployment goes to 10% (most economists predict 8% or less), it will just be a bad recession.

What he is setting us up for is hyperinflation. That should be our biggest fear.

I know Bernanke is the so called expert on the depression. How much does he know about Weimar Republic.

http://ingrimayne.com/econ/EconomicCatastrophe/HyperInflation.html

Anonymous said...

Growth is DEAD.

So is America. RIP.

1-20-09 12:01est

The End of an ERROR.

Let the trials begin.

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