ANIMATION: Bankrupting the U.S.A the Ben Bernanke Way.

[grumgrum]

Run time: 06:48 https://www.youtube.com/watch?v=PTUY16CkS-k   Posted on YouTube: November 11, 2010 By YouTube Member: malekanoms Views on YouTube: 307   Posted on DU: November 12, 2010 By DU Member: grumgrum Views on DU: 1434

 

[SanchoPanza]

1. Better anti-Fed propaganda, please.

Core Inflation is down to record levels.

Short-term and long-term treasury bond yields are down to record levels.

Commodity prices (food, petroleum, etc) as well as stocks can fluctuate wildly from year to year and are improper to use when calculating inflation indices.

Tuition inflation increases when state governments seek to offset tax revenue shortfalls with state college tuition increases.

Medical inflation is a result of our broke-ass health care system, which increasingly delivers care inefficiently at increasingly higher prices. It's been that way for decades.

This entire video is complete, utter, and total fucking hogwash.

[An_Opened_Hand]

2. It's funny how The Propaganda Really works.

So there is no inflation.
Only deflation, except for those commodity prices that fluctuate wildly, but are always trending up.

Look, everything in the government formula to calculate inflation over the last three decades that was growing in price has been removed from the formula. Reason given that that item fluctuated wildly and throw the numbers off.
Can't let the great unwashed know that there is any official inflation out there.

I would just once like to see the 2010 inflation calculated with 1970's math and input values.

(Side thought: I think the original reason for changing the Inflation calculations was done after all the indexing pay/benefits to cost of living (inflation) for entitlement programs and labor contracts, that happen in the 70's and 80's. Just look what happen to SS in the last month with no change in the payouts.)

I like the video. It's nice and succinct in pointing out how dumb and corrupt this whole idea is.
The cute little critters get a little old after awhile, but info is still good.

Look, from what I can tell, you've been running around the web, it seams, posting the above criticism on any video that talks about "Quantitative Easing." Makes me wonder if you have any dogs in this fight.

Oh, and "Core Inflation" doesn't mean squat to me with a stagnant wage while housing, food, energy keep going up n' up. My "CORE INFLATION" is Real World and no matter what you say about how low "Core Inflation" is.

Each month I've got less and less while the banks have more and more.

[SanchoPanza]

4. It's funny how there is only inflation.

"So there is no inflation.
Only deflation, except for those commodity prices that fluctuate wildly, but are always trending up."

Trending up over what period? Three years? Five years? Ten years? Fifteen? What's your starting point? What index are you using? With commodity prices you'll find you can make any kind of trend you want, so long as you use the right start and end point that supports your claim. The video is particularly insidious because its using year-to-year price shifts; the MOST unreliable use of price data.

"Look, everything in the government formula to calculate inflation over the last three decades that was growing in price has been removed from the formula. Reason given that that item fluctuated wildly and throw the numbers off. I would just once like to see the 2010 inflation calculated with 1970's math and input values."

They were removed from the formula precisely because they prevented any kind of predictable model from being realized. That was the problem in the 70s. That was why inflation calculations were changed.

"I like the video. It's nice and succinct in pointing out how dumb and corrupt this whole idea is."

Because Goldman Sachs might make some money off of QE2, its a bad idea? Hate to break it to you, but the Fed could do anything (or nothing) and GS could come up with a way to make money off of it. That's the nature of their business.

"Look, from what I can tell, you've been running around the web, it seams, posting the above criticism on any video that talks about 'Quantitative Easing.' Makes me wonder if you have any dogs in this fight."

I haven't been anywhere, and my only dog in this fight is the desire to not see persistently high unemployment for the next ten years. Though I do appreciate the veiled accusation. To reciprocate, have you recently made any investments in precious metals?

[fasttense]

6. How can inflation be down

when everything I buy to survive is up, from gas to bread, to electricity? What has not inflated in price that I need to live?

Why are food, gas and electric, health-care, all things I must buy to survive, improper to use when calculating inflation? But short-term and long-term treasury bond yields, a thing I will never need to buy to survive, IS proper to use when calculating inflation?

Seems the Fed is using indicies for inflation that only affect corporations and banks. Perhaps the Fed is mixed up? They don't seem to remember that part of their job is to ensure employment in America.

OH, I get it the Fed still believes in that quaint thing called magical trickle down economics

PS - I would rec this thread if it hadn't already expired. This is a very good explanation for the actions of the Fed. Thanks for posting.

[naaman fletcher]

7. yeah, right

First of all there is no deflation. 2nd, deflation is a fine thing, it's called the market clearing.

[PuraVidaDreamin]

3. BWAAAAAA-HAAAAAAAA-HAAAAAAAA

I can't believe there are only three replies to your post!

It's fabulous

e-mailing it to everyone!

[notesdev]

5. bump

this one has been going viral

[MrObama]

8. K&R!!

:rofl:

[Cali_Democrat]

9. LOL

:thumbsup: