Monday, January 13, 2014

Goldman's Lloyd Blankfein Grows "Bernanke Beard"

In honor of a job well done by Ben Bernanke at the Federal Reserve over eight years, with super-money pumping, Wall Street bailouts and, specifically, Goldman Sachs bailouts, Goldman Sachs CEO Lloyd Blankfein has apparently decided to grow a Bernanke beard.


Ben Bernanke money printing since the financial crisis:


Note: Much of this high-powered money has not yet hit the system. It is sitting as excess reserves back at the Fed. If this money begins to hit the economy price inflation will soar or the Fed will have to raise interest rates dramatically. It is going to be a mess.

(ht ShortSideofLong)

at 1:57:00 PM

2 comments:

  1. AnonymousJanuary 13, 2014 at 2:03 PM

    Credibility Trap: Fatal Web of Lies

    Moyers: Can a republic die of too many lies?

    Sissela Bok: I think a republic definitely could—especially if the lies are also covered up by various methods of secrecy. If you combine lying and secrecy, and if you also bring in violence so that secrecy covers up for schemes of lying and violence, then I think a republic can die.

    I don’t think it’s possible for citizens to have very much of an effect if they literally don’t know what’s going on.

    http://jessescrossroadscafe.blogspot.com/2014/01/credibility-trap-fatal-web-of-lies.html

    maybe they're ashamed?

    ReplyDelete
  2. SteveJanuary 13, 2014 at 4:24 PM

    Every 1% increase in the blended interest rate paid on government debt adds a hefty $170 billion to the tab. A 5-7% Fed funds rate would blow a hole in the budget. Nothing like spending half the budget to service the debt!

    The end game is near.

    ReplyDelete

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