Face it folks, Malthus is finally knocking on our front door. Inflation will gradually become quite severe. I must say, that I am surprised that inflation hasn’t taken off here in the USA. Only trading cheap paper dollars to China in exchange for real goods, along with very high unemployment, is keeping the rate down, for now. It doesn’t take a rocket scientists to figure out that that can’t go on forever. Nor can the government transfer payments to the lower middle class, near poor, that keep them from causing social unrest here in the USA.
CNBC is at the Russian economic forum. They should call it the mobster business forum. Think how rich Russians would be if they had the honest government of Finland. Everyone could get a ‘natural resource sale’ check every year.
Faber is probably right about Pakistan. Loose nukes will make me even more glad that I now live in a small town 35 miles from the nearest big city. And I actually have a Geiger counter, and NEVER let my fuel tank go below 3/4 full. That can get me a lot further than the 150 miles of the largest cigar shaped fallout cone.
You think we have problems now, ponder for a moment what will happen when world oil output starts to decline. Iraq had better get busy drilling and laying new pipelines.
I had to watch the video on the CNBC site. Neither this site, or YouTube would play it. I got dizzy watching the dots go around and around. The Windows firewall must have blocked it, since I always keep it up. I hate computers.
At least the cyclone in Queensland didn’t kill anyone. Those Aussies are lucky to have inherited one of the more efficient forms of government from the Brits. No mobsters running the place down under. When will they get rich enough from selling minerals to China to demand that the globe be flipped upside down? I’ll bet you never thought of that. I could do it right now, if I hadn’t thrown away my beautiful 16 inch National Geographic globe that got wet in Katrina. I thought that I would simply buy a new one for the new house. THEY QUIT MAKING THEM! Such is my luck.
If the Canadians and environmentalists would allow construction of the North American Water and Power Alliance, North America could feed a LOT more people for a LONG time. It would create a few million jobs too. If that engineer had come up with that plan in 1930, it might be finished.

I agree with regards to USA, though he’s been too gentle with Europe, the actual rate of inflation in the western countries are in double digits. Pakistan is a tough nut to crack, many don’t realize that several powers are hard at work to destablize that country for last several years, no doubt corrupt leaders & system doesn’t help however if you look closely regional powers like China & Iran are invloved to assist to stablize this damage country. What goes in its favour is fertile land so self sufficiency in food, huge natural reserves of gas & coal with recent dicovery of copper & gold worth billions & trillions, no wondor certain powers want it broken up so that its resources can be stolen.

“The Bernank” is nothing but a blight on the world, and a disgrace to all Americans.

As Bill Bonner recently said: “Bernanke should admit that he was wrong and that he has been a fool. He should renounce QE, Keynes and the devil too, and all of the FED’s fraudulent and evil schemes.” Sadly, methinks he won’t resign because this pompous fool believes he is right.

What’s The Final Result of Bernanke’s Decisions:
Bernanke and the US FED’s policies have pushed the emerging economies into severe inflation, and this has greatly harmed the world’s poor. The chaos and instability in Egypt will surely spread, not only to Pakistan, but also to other countries like Yemen, Syria, etc. No one can estimate the extent of harm or damage that will result.

Ben Bernanke, the head of the Federal Reserve is a liar. Not little white lies, not cutesy little make nice lies.. big, bold IN YOUR FACE lies. I listened to him give his speech and then the Q and A session at the press conference this week. To say I was a bit puzzled with his statements would be an understatement of some extreme. According to Bubbles.. his monetary policy is NOT responsible for commodities soaring higher. Really? Really Ben?

Nope.. according to him, the reason commodities are going up is because of “demand from emerging markets”. Oh boy. That’s quite a hoot don’t you think? Yet on the other hand, he says that “yes our policy has strengthened the stock market as it pushed investors out of one class of assets and into another”. Folks, I need you to read those two quotes carefully, because it’s astounding how stupid this academic can be.

Sadly we American are the FAT, and DUMMIES IDIOITS we are.

@ Scott Griffin: Well said!

Bernanke is posing a method for keeping a viable economy in the USA. We must not get mired in the minutiae that could obscure our understanding. His prescription is sound for the circumstance. It would be instructive if one were to reconsider one’s own policies under the same light that one shines on Bernanke.

@ Robert O’Regan:
Have you ever wondered why 98% of all US economists will always be in total agreement with the Bernank’s decisions?

Here’s why:
The US FED “employs” over 20,000 US economists as “consultants”; this includes a great many university economics professors, who have been thoroughly trained in the “now-disgraced” Keynesian economic theory, which even Keynes himself refuted late in his life. Your remarks sound like you are a consultant for the FED.

The FED is Deeply Divided:
Did you know that the FED is deeply divided regarding Bernanke’s policy decisions? There are 4 district FED members (Plosser, Fisher, Hoenig, and Bullard) who STRONGLY DISAGREE with him. Their view is that QE1, QE2, both of which enriched the banks, artificially supported the stock markets, and led to global inflation. They believe this approach is wrong, and will necessitate QE3 and QE4, etc. etc. further exacerbating the global financial turmoil.

Under the Bernank madness scheme, we have gone beyond the “tipping point” and now, there is no escape.