Bernanke in 2008 and 2009
By Daniel at 15 March, 2009, 10:11 pm
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Bernanke in 2008
We will have a slowdown
We won’t have a recession
We will have a slight recession
We will have a recession
We will have a deep recession
We won’t have a depression
We will have a depression like recession
Bernanke 2009
the recession will be over in 2009
the depression wont be big
we have a depression
we have a big depression
we wont have a global depression
we will have a slight global depression
need I go on
“He also said the nation’s largest banks are solvent [lie!] and that he doesn’t expect any of them to fail.” I don’t believe that they will fail either. This is not because they are not insolvent. It is because FDIC could never cover then, Ben knows this, and he will give them as much paper as is needed to not let them fail. Same goes for AIG, Freddie and Fanny.
This man does know what he is doing though, although he can’t comprehend the damage in his arrogance. “Bernanke also pointed out the bailout aid doesn’t come directly from taxpayers and is “more akin to printing money than it is borrowing.”" CORRECTO! Now if I were the Chinese, I would be more than upset and would promptly start jettisoning T-bills, which in time is going to happen. And then when we can’t finance our new and old debts, the dollar will implode. I would like to know what Ben has up his sleeve when this happens. Maybe he has figured out how to extract gold from seawater! If not this, we a headed for the “end” just like he stated. Just not the one he expects.
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