Moon Kil Woong

Bernanke's Speech of the Day

Bernake is always filled with doublespeak. I think he thinks it helps give him a Greenspanish aura of mystique. He supports a strong dollar but dumps money into the system. he supports inflation and easy money then sucks the pond dry offering interest on fed deposits and practically screams to banks to park all their money with the fed taking it off the market and putting it on the sidelines.

He says you just need to dump money from a helicopter to fight deflation, then proceeds to suck money from the Armerican public and feed it to the banks by helping buy up all their bad debt. It is for your own damn good he says. Right....

Bernake is either the biggest dolt in the universe or makes Stewie blush in envy. In either case, what he is doing isn't good for either you or me.

Whatever he says expect the opposite. I'm against big corrupt gambling financial institutions probably means, we need to funnel more TARP money to Citibank and big corrupt gambling financial institutions again. If you call him on it he will say, "I said too big to fail. I meant we shouldn't but they were too big to fail as I said in my speech 1/13/09."

That's the real Bernake bankers know and love.