Bernanke Entirely Fails to Answer Question

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
Bernanke Entirely Fails to Answer Question


Balls. he danced around but said it is possible(most likely)

The U.S. will never, ever seize any American’s bank deposits under any scenario whatsoever … without exception. We respect the rule of law as the basis for our economy, and we will never do anything which interferes with private property rights.
This is true, but the question is PARTIAL DEPOSITS, and that can be a whole lotta.
 
Jan 2008
32,903
9,709
Vertiform City
The U.S. will never, ever seize any American’s bank deposits under any scenario whatsoever … without exception. We respect the rule of law as the basis for our economy, and we will never do anything which interferes with private property rights.
Just so we're clear, Bernanke didn't say that.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
Just so we're clear, Bernanke didn't say that.
Correct, it is what he should have said. Here is the press conference.

[video=youtube;zMzR5s3H_00]http://www.youtube.com/watch?v=zMzR5s3H_00&feature=player_embedded[/video]

BTW, and this is some good news. Bernanke is going bye bye, or at least it seems.

Bernanke Saying He’s Dispensable Suggests Tenure Ending

The above article is full of shit, now for the truth.

Sinclair - Lagarde’s IMF Disaster Forces Bernanke Out Of Fed Today legendary trader Jim Sinclair told King World News that Lagarde’s IMF Cyprus disaster, in stunning fashion, has now forced Chairman Ben Bernanke out of the Fed.

Now if people think this shit is going to end without a bang, their chances of survival will become very limited.