US not printing money
US not printing money

News headline 6 December: Bernanke says US ‘not printing money’

“One myth that’s out there is that what we’re doing is printing money,” he said. “We’re not printing money.

News headline 6 december: Uh Oh: The Government’s Printing Presses Have Broken Down!

The federal government has had to halt production of new high-tech $100 bills due to a significant flaw in the production process… The total face value of the unusable bills, $110 billion, represents more than ten percent of the entire supply of US currency on the planet, which a government source said is $930 billion in banknotes. For now, the unusable bills are stored in the vaults…

That explains it. Or does it?

Hat tip: Jesse’s Café Americain

Move along please. Nothing to see here. Those charts are not showing a rise. It’s enough to make you wonder about Bernanke. Indeed, Washington’s blog goes so far as to ask if Bernanke Look Like a Man Who is Confident About the State of the Economy and the Prospects for Recovery?:

But I think the real story is how nervous Bernanke appears.

Listen to his voice, and watch his lips quaver:

Too dull for me, on the subject of dull, how about this:

A fiat currency is backed by the economy of a country and its official cashflows (primarily taxes) as well as its reserves. As a country’s GDP and cashflow deteriorates the soundness of its currency can deteriorate even if the nominal levels of money remain unchanged. I think we are seeing quite a bit of this today.  This deterioration in the backing of a currency is no different from a devaluation in its effect.

Bernanke is effectively money printing, even when he is not!

It’s enough to drive a man to drink. Particularly as most “money printing” does not involve printing. It’s just blips bouncing around computer screen. Was that the blue or the red pill?

Bernanke is also fighting against the tide of credit-money. He may mitigate deflation, but at the cost of hyperinflation once the circulation of money cranks up again.

It was a rank absurdity that a nation as great and strong as the United States still was should flush itself down the drain in a flood of money as it was appearing to do… A nation doing that to itself resembles not only a man drowning within arm’s length of an unseen shore, but one doing so with his strong arms and legs immobilized by the hypnotized belief that they are unable to move.  It is absurd, but it is of just such epic absurdities of mass human conduct that the fabric of history is woven. Source: Parsson JO (1974) Dying of Money – Lessons of the Great German and American Inflations.

Repeat a lie often enough and it still does not become the truth.

On a lighter note, don’t miss the video

  1. 249446 308109Very interesting information!Perfect just what I was looking for! 602175

  2. 127202 693653Bereken zelf uw hypotheek. Hypotheek berekenen? Maak snel een indicatieve berekening van het maximale leenbedrag van uw hypotheek. 553761

  3. 179461 603175i always enjoy to do blog hopping and i stumbled upon your blog .”~; 56495

  4. 847257 548681Its nearly impossible to discover knowledgeable men and ladies during this topic, nevertheless you sound like do you know what youre discussing! Thanks 662269

  5. 604606 232250dog grooming will be the specialty of my sister, she truly loves grooming every dog in our house 669259

  6. 946140 75865Hiya. Quite cool internet site!! Man .. Beautiful .. Amazing .. I will bookmark your internet internet site and take the feeds additionallyI am pleased to uncover numerous beneficial data here within the post. Thank you for sharing 153095

  7. 929802 160437A thoughtful insight and suggestions I will use on my blog. Youve clearly spent lots of time on this. Thank you! 902586

  8. 613168 940587among the very best system I know, thank you quite considerably . 978567

  9. This article is actually a good one it assists new web visitors, who are wishing in favor of blogging.|

  10. 116502 699755Attractive portion of content material. I just stumbled upon your weblog and in accession capital to assert that I get in fact loved account your weblog posts. Anyway I will likely be subscribing to your augment and even I success you get admission to constantly swiftly. 374059

  11. Good day! I could have sworn I’ve been to this blog before but after browsing through some of the articles I realized it’s new to me. Regardless, I’m definitely delighted I discovered it and I’ll be bookmarking it and checking back regularly!|

  12. You really make it seem so easy with your presentation but I find this matter to be actually something which I think I would never understand. It seems too complicated and extremely broad for me. I’m looking forward for your next post, I will try to get the hang of it!

  13. Its like you read my mind! You appear to know a lot about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a little bit, but other than that, this is great blog. A fantastic read. I’ll definitely be back.

  14. Good – I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs and related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Excellent task..

  15. Hey there, I think your site might be having browser compatibility issues. When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  16. I do not even know the way I ended up here, however I believed this post was once great. I don’t know who you might be however certainly you’re going to a famous blogger when you are not already 😉 Cheers!

  17. 449141 281328Hello there! I could have sworn Ive been to this blog before but after reading through some of the post I realized its new to me. Anyhow, Im definitely happy I found it and Ill be book-marking and checking back frequently! 329901

  18. 716308 260849The next time I learn a weblog, I hope that it doesnt disappoint me as significantly as this 1. I mean, I do know it was my choice to read, nonetheless I truly thought youd have something attention-grabbing to say. All I hear can be a bunch of whining about something which you could fix for people who werent too busy in search of attention. 504077

  19. 59158 342500I believe other web site owners ought to take this web site as an model, extremely clean and superb user genial design and style . 804541

  20. 381485 238596Normally I dont learn post on blogs, even so I wish to say that this write-up quite pressured me to try and do it! Your writing taste has been surprised me. Thank you, quite wonderful post. 876811

  21. 926759 444837of course data entry services are quite expensive that is why always make a backup of your files 117158

  22. 562770 1175A really exciting go by means of, I may possibly not agree completely, but you do make some actually legitimate factors. 266723

  23. 647522 196743This internet site can be a walk-through its the data you wanted concerning this and didnt know who to ask. Glimpse here, and you will undoubtedly discover it. 230521

  24. 529163 640496Some actually good stuff on this internet web site , I enjoy it. 132671

  25. 970837 258352Great day! Do you know if they make any plugins to protect against hackers? Im kinda paranoid about losing everything Ive worked hard on. Any suggestions? 725340

  26. I feel that is among the such a lot important information for me. And i’m satisfied reading your article. But should remark on few normal things, The website taste is wonderful, the articles is in point of fact excellent : D. Excellent task, cheers

  27. Here are some hyperlinks to internet sites that we link to simply because we assume they are really worth visiting.

  28. 257363 7692I actually like reading by means of and I feel this site got some genuinely utilitarian stuff on it! . 522080

  29. 257403 407794hi!,I like your writing so significantly! share we communicate a lot more about your write-up on AOL? I call for an expert on this region to solve my difficulty. Perhaps thats you! Searching forward to see you. 659628

  30. 288046 513967Quite man or woman speeches need to have to seat giving observe into couples. Brand new sound system just before unnecessary men and women really should always be mindful of normally senior common rule from public speaking, which is to be the mini. very best man speaches 368710

  31. 496242 417733Hello fellow internet master! I actually enjoy your web site! I liked the color of your sidebar. 337148

  32. we came across a cool web page that you simply could possibly enjoy. Take a search when you want

  33. very handful of web-sites that come about to become in depth below, from our point of view are undoubtedly properly really worth checking out

  34. The data talked about within the report are several of the top out there

  35. the time to study or take a look at the content material or sites we’ve linked to below the

  36. Here are some of the web-sites we suggest for our visitors

  37. the time to study or check out the content material or websites we have linked to beneath the

  38. we prefer to honor several other net web-sites on the internet, even if they arent linked to us, by linking to them. Underneath are some webpages worth checking out

  39. we prefer to honor quite a few other web internet sites around the internet, even when they arent linked to us, by linking to them. Underneath are some webpages worth checking out

  40. I was suggested this website by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are amazing! Thanks!

  41. After examine a couple of of the weblog posts in your website now, and I really like your approach of blogging. I bookmarked it to my bookmark web site list and can be checking again soon. Pls check out my web page as nicely and let me know what you think.

  42. Wonderful story, reckoned we could combine a few unrelated information, nonetheless really really worth taking a search, whoa did 1 study about Mid East has got more problerms too

  43. 204760 54649Ill create a hyperlink to the web page about my personal weblog. 973218

  44. very handful of internet websites that come about to be comprehensive beneath, from our point of view are undoubtedly very well worth checking out

  45. Here are some of the sites we advocate for our visitors

  46. I’m not sure why but this site is loading extremely slow for me. Is anyone else having this problem or is it a problem on my end? I’ll check back later on and see if the problem still exists.

  47. here are some links to web-sites that we link to since we believe they may be worth visiting

  48. Here are some of the internet sites we advise for our visitors

  49. we prefer to honor lots of other world wide web web-sites around the web, even when they arent linked to us, by linking to them. Under are some webpages really worth checking out

  50. You’ll find some fascinating points in time in this post but I don’t know if I see all of them center to heart. There’s some validity but I will take hold opinion until I look into it further. Beneficial post , thanks and we want additional!

  51. Hi my loved one! I want to say that this article is amazing, nice written and include approximately all vital infos. I would like to peer extra posts like this .