Today's Government, Bernanke, Central Bank rants

From me to you ;) Just a recap of my own thoughts during the Bernanke congressional hearings. Hope someone out there might enjoy it ;)

Just a recap some of the things that went through my head during today's Bernanke testimony to the congress...

# Ancient_Warrior: What?! Is it 'be nice to Bernanke day'?

#Ancient_Warrior: "False sense of security" is exactly what the FED and
Gov are all about right now.

# Ancient_Warrior: The Bernanke/Gov policy is "smoke and mirrors to hide
the smoke and mirrors we used to make it appear we did something good/right."

# Ancient_Warrior: What is the "Balanced transparency" that Bernanke is
talking about? Balanced transparency?! Would that be like "Balanced honesty"???

# Ancient_Warrior: Bernanke "We are urging banks to make loans to credit
worthy customers." ??? tough job, lotta urging going on there ???

# Ancient_Warrior: Maybe if we just turn everything over to Bernanke we
will NEVER have to go through another slow down, soft spot, recession or
depression

# Ancient_Warrior: Central banks are the PROBLEM NOT the solution!
Congress and Bernanke lay out what and how will be discussed before
hearings... it's all BS

# Ancient_Warrior: Our Government has already been effectively taken
over by financial elites led by Goldman Sachs $GS and the FED.

# Ancient_Warrior: Not only Bernanke needs to listen to Ron Paul,
everyone needs to listen to Ron Paul. He has ONLY the best interests of
the Country at heart

# Ancient_Warrior: "False, bad information to the market place"
-Ron Paul to Bernanke

# Ancient_Warrior: Bernanke and the FED have done an excellent job of
saving all their pals at $GS and else where with tax $$ Have to give him
credit for that.

# Ancient_Warrior: WHY would Bernanke have to "Urge banks to make loans
to credit worthy customers"? It's not going to be effective without FORCING
bad loans

# Ancient_Warrior: Bernanke and the FED/GOV are all working towards
finding a way to bring back the bubble economy they all love so much.
That's the goal

# Ancient_Warrior: What did Bernanke say about foreclosures?! I thought
Barry already fixed that problem...

# Ancient_Warrior: Oops... I guess today I'm 'out of the closet' as far as not
being one of Bernanke's/FEDs strongest supporters...

# Ancient_Warrior: When Bernanke, the FED and central banks can over
take MJ chatter on twitter maybe we will all be saved. Until then...
anybody's guess?

# Ancient_Warrior: I saw yesterday that Bernanke has been having lots of
face-to-face time with congressional members lately. Wish I had fly on the
wall status

# Ancient_Warrior: Bernanke/FED are 100% CONVINCED that they can
handle inflation better/easier than deflation. What if they are wrong? Again...

# Ancient_Warrior: We GAVE the banks 23.7 TRILLION dollars Bernanke...
That would prop anyone up I would hope. Tell the truth about the consumer
4 a change.

# Ancient_Warrior: Bernanke and congress seldom talk about the consumer...
because the consumer is the main one being crushed here. Unemployment,
foreclosures

# Ancient_Warrior: With Bernanke our new policy seems to be that nothing
can interfere with or disrupt the market, What?! I think it's only allowed to rise

# Ancient_Warrior: We can't take our country back until we take the FED
back. The people want a FED audit. The Gov will not allow it.

# Ancient_Warrior: Since when is Gov capable of even 'showing an interest' in
actually reducing spending? It's not going to happen, it will be our downfall

# Ancient_Warrior: Sorry peeps, for all the negativity today. No secret I'm not
a big Bernanke FED fan. I think we are already Japan, a lost decade or two...

# Ancient_Warrior: China will not continue to buy our debt forever. India says
our problems r our own. Those economies will drive future growth, not ours.

# Ancient_Warrior: "Stabilize neighborhoods that are suffering from large
numbers of foreclosures"? -Bernanke What the heck does that MEAN?!
Pour more concrete

# Ancient_Warrior: 'They' Bernanke FED Gov are not addressing the REAL
issues in the economy at all... They continue to treat the symptoms only.
And hope...

# Ancient_Warrior: 'They' Bernanke/FED/Gov never talk about the people.
All we get to go on are manipulated numbers and empty promises. Agree
It's false hope

# Ancient_Warrior: If 'we the people' do not do something to regain control of
this situation we are doomed. IMHO. Wild spending & attempts to
RE-INFLATE fail

# Ancient_Warrior: They are trying to make things so extremely complicated
that no 1 can possibly figure out what's going on. That's the master plan.
#FED #GOV

# Ancient_Warrior: PLEASE go here and write your senator about audit the
FED S 604 http://www.campaignforliberty.com/campaigns/hr1207action.php

# Ancient_Warrior: Is it not yet obvious to everyone that the Gov FED Bernanke
ALL KNOW that health care is the next bubble to burst?!

# Ancient_Warrior: United, WE can burst all the bubbles. Wouldn't a
'bubble less' economy be so much better?! WE control the purse strings.
Lets use it

# Ancient_Warrior: Please see my last blog post to see what a bubble-less
economy might be like http://www.warlords2010.blogspot.com

# Ancient_Warrior: It doesn't HAVE to be their way (Bernanke Gov FED)
or no way. It can be OUR way, the right way. No pain, no gain.

# Ancient_Warrior: I envision a much 'simpler' life for Americans. Void of
Government FED intervention and interference. A USA run by the people
for the people

# Ancient_Warrior: We, here and now, can co-ordinate, co-operate in the
MILLIONS. Government and the FED do NOT have the same capabilities.
Unite

# Ancient_Warrior: If allowed to continue, unchecked, they (Government
FED Central Banks) will destroy us 2 save only themselves and their beloved
institutions

# Ancient_Warrior: The markets are both our funding and our weapon. They
manipulate it to take our money. Lets be smarter than they (Gov FED Bernanke)

# Ancient_Warrior: Know that the US Government, federal reserve and central
banks are the REAL institutions that have been deemed "Too big to fail".

Who the Hell am I and why should I care?

Hello everyone! (Anyone????) Since this is my first ever blog post I guess I'll TRY to 'have a point' lol

First, I'm a trader. Stocks, bonds, commodities, etc... That's what I do. But... trading requires that we know about and follow SO many things. Many of these things are foreign to most people... US housing data, jobs numbers, economic news, consumer confidence, retail spending and what not. A lot of people are far too busy with the hassles and or excitement! of everyday life to give much of a whit about what their Government might or might not be up. OR what some weirdo 'trader types' might be up to either... This makes perfectly good sense, up to a point. Trouble is we are WAY beyond that particular 'point', IMHO at least. As trader's we must have some ability to see into the future, if we are to survive. This is a long term statement. We can day trade and swing trade in the short term based almost exclusively on technical indicators and momentum. But we also should have a longer term view, a macro-view. A view of where we are headed, where we are currently at along that path. For a trader, often, that means "where is our Government at?", "where is our Government headed?", "does it make sense?". Often the answer to these questions is 'less than desirable'. It is my own personal opinion that our Government has not 'drifted' but PLUNGED HEADLONG over the edge and into the abyss. It is my opinion that mankind's own Governments, in most of the developed world, are so horribly screwed up at this point that there is NO HOPE for a suitable answer, fix, whatever, at this point. It seems to me to be a world wide phenomenon. The current answer, especially here but also across the world, seems to be 'if we can just throw ENOUGH money at the problems (banks, insurance companies, auto makers, unions, healthcare, etc...) that will SURELY fix it.

At the risk of rambling... there is FAR too much apathy in this country for sure, others I know less about. But one thing I do see and understand is that there is far LESS apathy in Iran than there is in the USA... There is LESS apathy in Iraq than in the USA, there is LESS apathy in the Middle East than in the USA, less apathy in Asia as well. Are we (the good old USA) in decay? Is it possible we truly are Rome? These are some of the things I like to think about, to examine, to discuss openly (while we still are able). I hope to find many others that are interested in the topics touched on here, in my first blog post ever. lol In the end, and to close out, I think people are the answer... worldwide. People and communication. I think we are seeing it begin to occur in the world right now. Specifically in Iran. I hope the days of corrupt Government rule are near an end. I hope a new age is dawning in which man will rule himself. And I'm looking for the hundreds of thousands that want to help this become a reality... (resistance? revolution?)

Can I go to jail for saying crap like that? Not in AMERICA! Surely... no???

Greg