Wednesday, May 4, 2011

Fed Chairman talks today … bet he say’s nothing important!

Will the Fed Chairman say anything truthful today or will it be another day of B.S.?
As the citizens of the US sit and wait for the upcoming Q&A by Fed Chairman Ben Bernanke, one has to ask themselves why this is so important.  The financial crisis in the US today is something that weighs heavily on the minds of almost everyone from the richest to the poorest in America today.  14 trillion dollars in debit and the spending counter continues to spin at a rate that proves to most of us that the Government can’t really be serious about this issue.
So, what is the monopoly guy going to say in his grand speech on Wed to set the US citizens and the world at ease?  Will he say that QE2 was a great success and that we all have nothing to worry about as the economy is on the rise and we are looking good?  Well, if he says that, then why is unemployment still out of control, why are housing values continuing to drop, why is gas reaching the point that soon a number of us working stiffs will no longer be able to drive much more than a motorized skateboard into the office each day and most of all why is it everything from clothes to groceries is costing me more every time I go to the store?
OK, so that can’t be what he is going to say, because in my mind that will just piss America off worse than she already is.  So, maybe he is going to say how the QE2 ship is pulling into port and with things looking like they are starting to get better our only option is the start of a QE3 (or a continuation of QE2).  Yes, that would be perfect; I mean our dollar is only close to an all-time low with the exception of the great depression.  Wow, a plan that has taken the spending power of our dollar from a dollar all the way down to just over 70 cents.  Man, these Ivy League schools just suck the common sense right out of a person before they graduate … don’t they.  Continue to drive our dollars spending value down even further and that will lead to economic prosperity for all.  Sure it will, when it gets all the way to zero we can all be living on the streets together and wont that give us common issues between us.  Like fighting Homer Simpson for that one donut that now needs to feed hundreds of us.
Well, that would be ludicrous for him to make such a statement … what can it be … what can it be … I got it … Everything is a OK.  There is nothing to worry about and I and your government have a plan.  We are in great shape.  There is nothing to see here and nothing worry about.  Please go back to sleep.
Well, I guess we will just have to wait until this afternoon and listen for ourselves.  For me I believe it will be more about what he doesn’t say than what he does say.  My advice, wake up America, it is time we do not take anything we hear at face value.  Always HEAR .. do not just listen.  More to come after the speech later today.
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