I don't know about anyone else, but paying bills and putting food on the table has little to nothing to do with why I have a job. It's all about funding Uncle Sam and going to the doctor that gives me a reason to live in and of itself.
Now why would Bernanke, a Bush appointee, go to an extreme left wing organization like the Brookings Institution? Of course everything Bernanke did was certainly left of center. Now we know how far left.
The president reads the feed off the teleprompter exactly as written. Any factual errors fall to whoever is responsible for the teleprompter feed for that day: ABC, NBC, or CBS.
With the Dow well above 15,000 and a nice tight lid on gold and silver prices, Bernanke only needs to keep things from unravelling until Friday. After that, Yellen assumes full responsibility. The entire financial system will then be on computer controlled auto pilot.
Told ya!! Gold, silver, and metals stocks slammed. Yet the Dow is down right now (ha ha Bernanke). I think JPM plans to continue manipluation of COMEX metals contracts right under the nose of Yellen. If she really does believe the Keynesian model, and she does, then all she has to do is sit back and simply be a rubber stamp Fed Chair, just like the teleprompter reading sockpuppet in the White House.
Metals analysts say gold and silver prices are about to soar. Not so fast. Bernanke will throw everything at the markets so he can end on a high note. I expect Helicopter Ben to fire the heavy cannons at COMEX metals for one last ditch effort to bolster the Dow for his last week as Fed Chair. Will it work?
Maybe not. China now holds most of the world's physical metal, along with Russia and of course India. This might stand in the way of Fed manipulation (aka JPM manipulation) of COMEX dollar denominated metals prices.
Into this mess walks an academic Keynesian dolt Janet Yellen. She actually thinks the paper money system works without any illegal manipulation of COMEX metals to keep the dollar (bonds) and the stock market afloat. The light at the end of the economic tunnel is actually an oncoming train. SPLAT!!
Iran has a lot of petro dollars, a lot of them. Should Iran use all those greenbacks to buy gold, the entire world financial markets would quickly spiral into chaos. The whole idea of QE is keeping metals out of the world financial system. Russia and China are huge buyers of gold, as is India.
Naturally I neglected to read the part where I said Robert Reich never stated he wanted to be Fed Chair.
Looks like the PTB (Powers That Be) have decided that shutting down the government, and blaiming the Republicans, last October didn't play out like they said it did. Otherwise, there would be another government shutdown, along with a chorus of TV news vlaiming the Republicans.
Before the campaign of 2000 the news media considered themselves somewhat objective, at least as far as things to the political left were concerned. Because they decided, for one reason or another, that Ralph Nader cost Al Gore the election, the network executives decided they were henceforth to be all in with regard to the Democratic party. Now the MSM is nothing but a 24/7 commercial for the Democratic party masquerading itself as news. They even elected a news uber anchor n chief president.