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Thread: Bernanke: "A trillion there, a trillion here" <laughs>

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    Default Bernanke: "A trillion there, a trillion here" <laughs>



    Wow, and gold is down 40 bucks on this talk?
    If you tell a lie long enough, loud enough and often enough, the people will believe it.-------Adolf Hitler



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    Member paulbot24's Avatar
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    Why does the great Fed Chairman always sound like a seven year old "explaining" why he was reaching in the cookie jar?
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    In that short clip, Benanke was correct, surprisingly. The interest rate isn't a big of a deal as compared to the debt that is being racked up each year. $100B more in interest payments a year isn't nearly as bad as $1T more in debt. Too bad Congress seems unable to grasp that...
    Turning the GOP into a party of liberty will not be a quick race, it will be a marathon.

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    the belt tightening verses spending swings in institutions
    like our pentagon is the "trill here, trill there" quip thingie?

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    Quote Originally Posted by Aratus View Post
    the belt tightening verses spending swings in institutions
    like our pentagon is the "trill here, trill there" quip thingie?
    Uhhhh, what??
    "The greater the number of prescriptions, the more people's sense of personal responsibility dwindles." ~Hans Monderman

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    Moderatorus Emeritus Cowlesy's Avatar
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    Quote Originally Posted by DEGuy View Post
    In that short clip, Benanke was correct, surprisingly. The interest rate isn't a big of a deal as compared to the debt that is being racked up each year. $100B more in interest payments a year isn't nearly as bad as $1T more in debt. Too bad Congress seems unable to grasp that...
    Yeah but if interest rates on the 10 year were more like 5%, that would make an immense difference. I'd agree that around the margins it's not material, but it can grow unwieldy quite quickly.
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    "Life, Liberty and the pursuit of Happiness"

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    Quote Originally Posted by Origanalist View Post
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    Quote Originally Posted by Cowlesy View Post
    Yeah but if interest rates on the 10 year were more like 5%, that would make an immense difference. I'd agree that around the margins it's not material, but it can grow unwieldy quite quickly.
    Of course, and my professor at school was baffled by that fact. Its as if no one ever thinks interest rates can go up. We're all delusional. Buy more, spend more, finance everything on cheap money. In the meantime we're killing our economy and our country. Interest rates are low because the national debt is enormous.
    Last edited by Jlasoon; 06-07-2012 at 04:52 PM.

  13. #12

    Default Bernanke on debt "...a trillion here, a trilion there.... doesn't make much difference..."

    "Integrity means having to say things that people don't want to hear & especially to say things that the regime doesn't want to hear. -Ron Paul

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    Quote Originally Posted by Jlasoon View Post
    Of course, and my professor at school was baffled by that fact. Its as if no one ever thinks interest rates can go up. We're all delusional. Buy more, spend more, finance everything on cheap money. In the meantime we're killing our economy and our country. Interest rates are low because the national debt is enormous.
    Interest rates are low because there is a high demand for US debt. Despite the enormous debt, apparantly the world markets think we are still a more sound invesment than debt from Euro nations, many of whom have a lower debt/GDP ratio. There's a theoretical limit to the amount of debt the world will absorb, but my crystal ball isn't working at the moment.
    Turning the GOP into a party of liberty will not be a quick race, it will be a marathon.





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