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Bernanke on the bank meeting and inflation
Thursday, June 25, 2009
Representative Jim Jordan (R-Ohio) questions Fed chairman Ben Bernanke on the change in strategy for rescuing the banks and then asks about inflation (at about the 2:10 mark).
The Fed chief makes the process of withdrawing the massive amounts of recently injected liquidity sound so easy - like getting out of bed in the morning - when it may well be nothing of the kind. Of course, if he knew it was going to be extremely challenging, he probably wouldn't say so because that would send the price of oil and gold soaring.
(BTW - check out the puss on the lady's face sitting behind him).
ooo
4 comments:
Yup!
see my comment on previous post
Oh man, what crap! No issue because it is all electronic!
I just hit the "buy gold" button hard!
For those that think TIPS or other government issues are safe, hear that exchange again and know.
did you see his gaze go down to the left at the end of the video. This is a classic "tell" sign that he is lying
Youtube wasn't around back in 2005 when he couldn't see the housing bubble. Hopefully, these clips will still be around in another year or two when inflation becomes a real problem.
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