Bernanke Says 'chaos' Would Follow US Default

Share on TwitterShare via email

Federal Reserve Chairman Ben Bernanke warned US lawmakers that they would deliver a “self-inflicted” wound to the nation’s economy by holding up efforts to raise the government’s borrowing limit. (July 13)

  • email
  • Print
Share on TwitterShare via email

Related posts:

  1. Ron Paul vs Bernanke: Is Gold Money? - July 13, 2024
  2. Bernanke: More Jobs Needed for Real Recovery
  3. Ron Paul Wipes the Smile Off Ben Bernanke's Face
  4. Congressman Ron Paul Schools Bernanke on the Bailout Plan
  • Frequencitee

    @andrelebaron I agree.

  • andrelebaron

    @Frequencitee what you have in the US is disaster socialism. ever expanding gov’t, a corrupt and regressive social security system which is outright robbery, ever expanding debt which taxpayers pay, the second highest corporate taxes in the western world and a public sector that’s guaranteed incomes for life at taxpayer’s expense no matter how bad it gets.

  • andrelebaron

    nah, gold ain’t money. neither is paper currency in a bank vault btw.

  • doogleandalix

    Polls are claiming Ron Paul only has 16% of the support in Iowa - I don’t know if I believe Bachmann is in first place but if so we are in trouble. Please post the Ron Paul message on any youtube sites with the words IOWA in the search box to spread his message - I really want him to secure the nomination . We cannot afford 4 more years of the same old,same old. Thanks !

  • Frequencitee

    @doogleandalix And the best way to counter the effect you outlined, is to educate all involved by pointing up the rabid nature of disaster capitalism shown by those in the top tier. Wanting due compensation doesn’t seem to be a problem for those arguing against unions, as they ignore entirely, the vast amount of increases in salaries, between workers and CEO’s/executives. If this makes sense.

    I think people need to take a hard look at those salaries/perks, enjoyed by the top tier.

  • doogleandalix

    @Frequencitee
    benefits for union members are not what they used to be and unions are weaker , at least mine is . Still, the union job has afforded me a good living .I agree that unions were largely responsible for people living , as you say, the American dream . But the days of unions are almost over - only 10-12% of workers are unionized today - there is an effort to pit blue collar non union labor against union workers. I say organize and demand a living wage also instead of blaming unions.

  • Frequencitee

    @doogleandalix My father was a proud Union member. He didn’t make a lot, but he and my Mom were conservative, in the real sense and made it work…even saved well. And, for what he may not have made in wages, he more than made up for, from in benefits alone. I have no doubt that Unions are the reason, that we saw the emergence and experience of the American dream. But, there is a common thread that binds those with big money, to control others, thus, they want a powerless proletariat.

  • Frequencitee

    @doogleandalix I see the very conditions you speak of here on YT, where now the average person is speaking out against ALL welfare recipients, whether they are milking and bilking the system, or honestly in need of a temporary hand up. I can’t disagree with them, because there should be no effort to rob from Peter to pay Paul, only to later rob Paul to pay Peter back.

    But, the larger condition, of ignoring the complete gutting of this country, by the uber-wealthy, is the saddest part.

  • doogleandalix

    @Frequencitee
    Issa , worth 160 million, believes Postal workers are overpaid - such hubris . The master plan is to privatize the PO - union busting tactics and our own union seems to have caved to this ( shady past at best) character .The powers that be will not be content til everyone makes minmum wage and theyare all billionaires.
    Don’t be fooled by their plan s, pitting blue collar workers against one another . Instead of resenting union workers, organize for a living wage too.

  • doogleandalix

    @FranG1214
    many of us realize we are being swindled , but their power is so all-encompassing for decades, what are the options - how do we beat them ? I know one way might be to elect Ron Paul who wants to end the Fedas we know it and its the only one who speaks out against it and , thus , is labelled a kook because he would topple the corrupt system if elected. I will do everything I can to see Ron Paul as our next President -change to Repub to guarantee you will be able to vote in primary

  • doogleandalix

    @Frequencitee Yeah , I’d like to hear your views . I am a union member and there are inherent flaws and sometimes leaders are corrupt. I still think labor unions have been an asset to this country,overall, and have been responsible for a living wage, FLSA , workers’ rights , etc. I think we’d be worse off without them . There seems to be a concerted effort on the part of Congress and a few groups to pit blue collar non union workers against the union counterparts. Noe “we” are the bad guys .

  • Frequencitee

    @Frequencitee The conflict of interest between real safety and “Homeland Security”, given the tactics used by the ATF, will go nowhere, specifically because Issa is involved.

    On Dr. Paul. I respect him. I want to cheer and cry when I hear him speak. But, I don;t believe we have the luxury of waiting for the 2012 elections to see changes. I don’t want to see him get JFK’ed. Whether the American public wants to admit it or not, WE will do the heavy-lifting, not government,

  • Frequencitee

    @Frequencitee

    Issa is the wealthiest person in Congress, which immediately raises some Red-flags for me, given what you mentioned and his desire to appear as a born-again good citizen, by investigating the “Fast and Furious” program that pits the ATF against the American public.

  • Frequencitee

    @doogleandalix

    On unions: Quite often I hear about Unions being some form of Socialistic approach to Capitalism, if this makes sense. What bothers me, is what I don’t see in the arguments given against Unions. I don’t see any indication that those against unions, understand the unions that never get any notice. I will elaborate later.

  • doogleandalix

    @Frequencitee
    Just watched all 12 parts of the Argentina’s Economic collapse series - sounds prophetic to me . Yes, the world banks seem to be the key players who want to hold ALL the assets.As I mentioned , the EB5 visa program seems to be a part of it and the Koch brothers union busting tactics are well-known,. Now Congressman Issa of CA has a systematic plan to privatize the PO - our union ” leaders” already capitulated and sold us out , essentially. Curious as to your take on Ron Paul?

  • Frequencitee

    @Frequencitee And as tired and worn out as the information may be, when you have the opportunity, watch/read about the “Confessions of an Economic Hit Man”. When the IMF uses soft tactics, and they do not work, then you see the sanctions, defamation/even death of leadership of countries of interest to the IMF, and ultimately the enforcement arm of the US military and NATO, as in current day Middle East.

    The EB-5 is new to me. Thanks for that. And “inside Job” I’ll check out, too.

  • Frequencitee

    @doogleandalix I am reading Tea leaves. Dr. Paul cannot say this publicly, but I have ZERO doubt that he would if given the opportunity. He knows the mindset. He’s reeling at the site of this country being auctioned off to the highest bidder. There is no doubt in my mind.

    (Look for a 12 part series called “Argentina’s Economic Collapse” in a Playlist)

    The Argentina model is being followed. Once you see the corollaries, the scenarios will be blatantly obvious. Same players, same tactics.

  • doogleandalix

    @Frequencitee
    Is this what Ron Paul says ? He wants to end the Fed and return to the gold standard .
    A lot of this is over my head , I admit , but I can see that Bernanke and his ilk are shady , greedy characters . I watched the documentary ” Inside Job” - very enlightening . And I just got Collpase but have not viewed it yet . Did you read about EB-5 where they are solitcing rich foreign investors to buy up approved assets , hotels, med centers, etc in exhange for Visas & other perks

  • Frequencitee

    @doogleandalix The owners of the World bank want it all. The US constituency has no idea just how bad it’s going to get. This problem will only go away, If/When we either begin creating our own currencies, or the Globalists sign over EVERYTHING (Human and natural resources, infrastructure, intellectual property, resources above and below ground, CO2 H2O, O2, etc…), in order to get an Argentina style purchase of debt.

  • doogleandalix

    @Frequencitee I agree totally . All political grandstanding and once again the little guy takes the hit and we bear the burden so the rich get richer . Socialism at its best - when will the sheep wake up ? Put a band aid on a gaping wound and be shocked when it bleeds thru - all a Ponzi scheme and a matter of time before the rioting in the streets begins . very sad taht we allowed it to happen - or should I say the few corrupt individuals allowed it to happen so they could get rich ?

  • Acerimmer12

    Ok if he says it would be chaos thats good enough for me… LETS DO IT! BRING ON THE DEFAULT IT CAN ONLY BE GOOD!

  • Bunbundoolooey

    If this were true they wouldn’t be saying it publicly.

  • Nathan21122012

    @Siah2000 and the naive smirk.

  • Nathan21122012

    World war Two, sold arms to European countries (:

  • Nathan21122012

    I wonder if the States will start a war, and use profits from it to prosper?

Powered by WishList Member - Membership Site Software