Tuesday, February 25, 2014

Bernanke to Write Book

Former Fed Chairman Ben Bernanke is planning a memoir.

Bernanke told The Associated Press on Monday that he will focus not just on the 2008 financial crisis, but on the "Great Recession" that followed.

"I want people to understand what we knew, when we knew it, how we made decisions and how we dealt with the enormous economic uncertainty," said Bernanke, who expects to begin meeting with publishers within the next several weeks.

The only question in my mind is whether he will be able to top the nonsense spun in Hank Paulson's book, On the Brink: Inside the Race to Stop the Collapse of the Global Financial System


  1. Too bad that this prick could not write this from a prison cell. This useless academic has bankrupted the country, and we have let with the complicity of Congress.

    1. yes...but the jail cell should be in Turkey ala Midnight Express.

  2. how about?...hyperinflation and me?:

    Richard Russell - World To Witness A Terrifying Hyperinflation

    “I’ve been noting the prices being paid by the wealthy 5% of Americans and by foreigners may be a sign of things (prices) to come. Is the $19 billion that Facebook paid for What’sApp a hint of future prices? It occurred to me that the extraordinary prices being paid by today's wealthy could correspond to the hyperinflationary prices that we will see 3-5 years in the future.

    The primary bear market that started in 2008 was never allowed to run its full course to completion. At the 2009 low, the market was severely oversold and in need of a “rest.” At that same time a terrified Federal Reserve stepped in with massive infusions of liquidity, thereby giving impetus to the upward correction that had started in the stock market. I believe the Fed's machinations will set off hyperinflation somewhere during the next two to four years.

    In my 65 years of dealing with markets, I was always dealing with fair supply-and-demand markets. The Fed's manipulation of the markets upsets the old “rules” of supply and demand.


  3. Is there some way to short a book?

  4. If I were him, I'd blame it on the weather. Everyone else does.

  5. His Pen is moving, and you know what that means.

  6. ""I want people to understand what we knew, when we knew it, how we made..." blah blah blah... those are, if I recall, the exact same words Bush used when he justifies building his own war/mass murder memorabilia shrine to himself.

  7. exactly....it's the way they launder favors....the modern "brown paper bag" money.

  8. Will there be any paper left to produce his book after we use it all up printing dollars?

  9. Gideon Gono and Me
    (The art and science of fucking an entire country.)