Glass
23rd August 2012, 07:09 PM
I was reading this article and the idea struck me. Talking post political career here or some kind of bizzare Presidential charge given him.
Santelli Exposes The Political Fed Behind The Curtain As Romney Makes Bernanke A Target
With Romney's comments (that QE2 didn't work, that he doesn't back QE3, and that Bernanke should go) somewhat cornering the Fed-Head's decision-making, CNBC's Rick Santelli's comments this morning are even more prescient. The Chicago truth-sayer vociferously noted the increasingly politicized Federal Reserve actions, highlighting Schumer's recent 'demand' that Bernanke do his job. With Bullard this morning noting that muddle-through was not enough to justify the size of QE3 the market seems to be anticipating, it appears any actions by the Fed in the near-term can only be seen as political. The only way to justify any sizable NEW QE is then surely for the market to crash - and with Spain's no-bailout-soon, and Merkel back in the headlines, who knows what's possible. One thing is certain: under Romney the country will need a Fed Chairman. And if it is not Bernanke, despite Glenn Hubbard's promises yesterday (http://www.zerohedge.com/news/capital-markets-%C3%BCber-alles-what-mitt-romneys-economic-advisor-goldman-sachs-and-ny-fed-really-t), one very likely name will be Hubbard's close friend and co-author: Goldman's Bill Dudley, who now runs the NY Fed. One wonders which choice will be worse for the country (if not for gold longs) - the Chairsatan or Bill Dudley? Of course, look for Obama to retaliate and promise to para-drop dolla dolla billz if elected. Critically, the wizened ex-Gold trader Santelli notes the precious metal knows this and is acting as a barometer of anxiety in this stand-off.
....
Full article @ Zerohedge (http://www.zerohedge.com/news/santelli-exposes-political-fed-behind-curtain-romney-makes-bernanke-target)
I got to imagining what if Ron Paul was chairman of the Fed.
Santelli Exposes The Political Fed Behind The Curtain As Romney Makes Bernanke A Target
With Romney's comments (that QE2 didn't work, that he doesn't back QE3, and that Bernanke should go) somewhat cornering the Fed-Head's decision-making, CNBC's Rick Santelli's comments this morning are even more prescient. The Chicago truth-sayer vociferously noted the increasingly politicized Federal Reserve actions, highlighting Schumer's recent 'demand' that Bernanke do his job. With Bullard this morning noting that muddle-through was not enough to justify the size of QE3 the market seems to be anticipating, it appears any actions by the Fed in the near-term can only be seen as political. The only way to justify any sizable NEW QE is then surely for the market to crash - and with Spain's no-bailout-soon, and Merkel back in the headlines, who knows what's possible. One thing is certain: under Romney the country will need a Fed Chairman. And if it is not Bernanke, despite Glenn Hubbard's promises yesterday (http://www.zerohedge.com/news/capital-markets-%C3%BCber-alles-what-mitt-romneys-economic-advisor-goldman-sachs-and-ny-fed-really-t), one very likely name will be Hubbard's close friend and co-author: Goldman's Bill Dudley, who now runs the NY Fed. One wonders which choice will be worse for the country (if not for gold longs) - the Chairsatan or Bill Dudley? Of course, look for Obama to retaliate and promise to para-drop dolla dolla billz if elected. Critically, the wizened ex-Gold trader Santelli notes the precious metal knows this and is acting as a barometer of anxiety in this stand-off.
....
Full article @ Zerohedge (http://www.zerohedge.com/news/santelli-exposes-political-fed-behind-curtain-romney-makes-bernanke-target)
I got to imagining what if Ron Paul was chairman of the Fed.