tag:blogger.com,1999:blog-5673441815180854503.post6403931620131170733..comments2023-09-10T09:54:59.309+01:00Comments on Screwtape Files: Not enough metal to put dollar back on gold, Bernanke saysLouis Cypherhttp://www.blogger.com/profile/07670126160101669248noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5673441815180854503.post-77436721299974170702011-03-04T15:32:22.529+00:002011-03-04T15:32:22.529+00:00Who was it that said recently only a retard would ...Who was it that said recently only a retard would have no gold or silver?Louis Cypherhttps://www.blogger.com/profile/07670126160101669248noreply@blogger.comtag:blogger.com,1999:blog-5673441815180854503.post-48021748074524094872011-03-04T03:33:36.046+00:002011-03-04T03:33:36.046+00:00The Bernanke finds himself in a bit of a quandry a...The Bernanke finds himself in a bit of a quandry as the creator of the "Taylor Rule" which Bernanke references every time he gives testimony in front of congress has said that Bernanke is misinterepting the rule and using variances that the creator of the rule, John Taylor, did not endorse or approve. Big Bad Ben has indicated that the creator had approved this alternate provision in direct confrontation with Senator Toomey. Senator Toomey said that the creator even believes the FED Funds rate should be higher by now. This is what Mr. Taylor had to say; "I did not propose or prefer an alternative rule in that 1999 paper, and it is hard to see how one could interpret the paper that way." Big Bad Ben seems to create any provision that benefits his agenda of filling the TBTF Banks with as much money as possible to try and keep the massive derivative exposure at bay. Personally, I believe there is no way possible to avoid this landmine and with the additional firepower of the mortgage crisis, fraudclosure, MERS nightmare and pending lawsuits; it is game over. We are in the forth quarter, down by 40 with 30 seconds left on the clock.<br /><br />It would not surprise me one bit if all the FED Presidents had a nice big stash of gold and silver themselves.<br /><br />http://www.zerohedge.com/article/when-even-john-taylor-says-bernankes-interpretation-taylor-rule-wrong<br /><br />Jack C<br /><br />jbcarr70@gmail.comJChttps://www.blogger.com/profile/04774688664829403376noreply@blogger.com