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Zimbabwe Ben Rides Again


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#1 DrStool

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Posted 18 September 2007 - 04:01 PM

I guess he was serious about that helicopter thing. But they have an uphill battle ahead to offset the destruction of debt in the money markets. Today's market action was drive for show. Tomorrow they putt for dough.

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#2 Private Skidmark

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Posted 18 September 2007 - 04:07 PM

I don't think much of Ben. Either he is a fool or irrationally arrogant. Why else would anyone agree to sign on as fed head knowing they would inherit Algae's legacy? <_<

My PMs, on the other hand, may prove to be very big Ben fans.
The highest compliment you can pay a man today is that he’s a fairly convincing approximation of a real person.

"You trade physical gold with balls, not with a ruler, until your balls get pressed into ball oil and you're forced to obtain your meals from the dumpster behind the local Krispy Kreme. And then the sun comes out again." - Skidmark

"If you can't stand the heat, break the thermometer in the kitchen." - Benjamin S. Bernanke upon ceasing publication of M3 data

#3 lineup32

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Posted 18 September 2007 - 04:08 PM

on my watch list


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#4 Yaryman

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Posted 18 September 2007 - 04:10 PM

I don't think much of Ben. Either he is a fool or irrationally arrogant.

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And how would that be different that the last guy?

#5 crazy_ate

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Posted 18 September 2007 - 04:10 PM

Full Disclosure, from the LESSON LEARNED DEPT.

Good news, I made good money today on the options I bought on Friday.....

Bad news, I panicked in the melt-up and I SOLD TOO DAMN SOON!!!!

If I held 'til the end of day my 65% would have been more like 100%+

DAMN IT!!!!!!

Time to go kick something.....

#6 Sudaca

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Posted 18 September 2007 - 04:14 PM

Zimbabwe Ben :lol:
Thanks, David

#7 elh

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Posted 18 September 2007 - 04:19 PM

Some of us gave Heliben too much "credit."

Does he deserve any? Hardly, nor any blame.

There's a Fed Chairman manual on what you have to do in particular circumstances; every moron who assumes the post has to do it.

Panic = 50 basis point cut.

Anyway, will be definitely diversifying out of dollar assets on any dollar spikes in the future. These are not speculative, rather, just preservation of capital decisions.

#8 Sudaca

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Posted 18 September 2007 - 04:19 PM

Full Disclosure, from the LESSON LEARNED DEPT.

Good news, I made good money today on the options I bought on Friday.....

Bad news, I panicked in the melt-up and I SOLD TOO DAMN SOON!!!!

If I held 'til the end of day my 65% would have been more like 100%+

DAMN IT!!!!!!

Time to go kick something.....

View Post


I sold half my dongs about 2/3 of the way up.... but no regrets.

Hey, this is a marathon after all, not a dash. :)
Thanks, David

#9 I_Am_Madness

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Posted 18 September 2007 - 04:21 PM

I'm wondering if Tech will get sold as money will rotate back into the financial.
Stop the Madness

#10 Cassiopeia

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Posted 18 September 2007 - 04:21 PM

Love N. Roubini, he has it all figured out,

50bps cut in the Fed Funds rate may be too little too late....
downside risks of a hard landing (recession) are now large enough that doing 50bps was the minimum necessary to try to prevent a hard landing. In my view this is still too little too late.


So, guesses all around, how far up can we go until Joe6 sniffs inflation? I'm thinking 'a lot'!

#11 I_Am_Madness

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Posted 18 September 2007 - 04:27 PM

WEIMAR!!!

http://en.wikipedia..../Hyperinflation

"In economics, hyperinflation is inflation that is "out of control," a condition in which prices increase rapidly as a currency loses its value. No precise definition of hyperinflation is universally accepted. One simple definition requires a monthly inflation rate of 20 or 30% or more. In informal usage the term is often applied to much lower rates."
Stop the Madness

#12 Speakeasy

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Posted 18 September 2007 - 04:28 PM

Gee, I guess I'm the only Moran who thinks that's pretty much it. The wad is shot. :( :lol:

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Behind every great fortune there is a crime. ~ Honore de Balzac
One must live the way one thinks, or end up thinking the way one lives
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#13 Grand Poopercycle

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Posted 18 September 2007 - 04:28 PM

So, next 10%(close to close) move in Ass'nPee, Sow, Rusty indexes-
up? down? who 'th hell knows?

I go with the final selection.

#14 linrom

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Posted 18 September 2007 - 04:28 PM

Hypertiger is back for keeps

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Everything I have posted to this point is the 100% truth...You donīt have to believe it...

The difference between what others have said and what Iīm saying now is that they donīt understand/comprehend Basic mechanics of the system...

Stages of Debt backed bt Debt fractional reserve banking...

1 Inflation of debt and the destruction of savings.

Once the maximum potential debt inflation is reached then...

2 Deflation of debt and the destruction of equity.

If debt inflation can not be restarted then a hyperdeflationary implosion of debt is the result which leads to...

3 Bankruptcy of the banks, Collapse of the economy and the consolidation of power.

The above is not taught in fractional reserved funded schools or other educational institutions...

Iīm not trying to sell anything...You either comprehend it or you donīt...It took me 8 years...

This is just info I put here...I have my hands full on other boards putting scoffing idiots in their place...

I know more than bankers and economists... They are clueless...just pigs at the trough...


Hypertiger on stool, few years back

#15 linrom

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Posted 18 September 2007 - 04:31 PM

I don't think much of Ben. Either he is a fool or irrationally arrogant. Why else would anyone agree to sign on as fed head knowing they would inherit Algae's legacy? <_<

My PMs, on the other hand, may prove to be very big Ben fans.

View Post


He looks unstable.





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