but i am ben bernanke i've got a pig i got a monkey i guess and sticks. some twigs yeah the dice oh yeah this is apparently operation twist max tell us more headline reads operation twist fails to reinsure investors. back somehow all this stuff did not. impress investors but now the fed is feeling ben bernanke is failing at his job in providing price stability and wage wage debility in america and he's trying to turn as you point out junk into something that will provide collateral for a banking system that's collapsing and the market is saying we recognize that you're a fool ben bernanke and we're crashing well this quote comes from alan blinder a professor at princeton university and he's a former vice chairman of the fed and he said through operation twist bernanke he is throwing sticks and stones and peashooters and b.b. guns and whatever he's got at that weak economy in the effort to make marginal improvements i don't expect any miracles from it and frankly neither do they so max we see this set off and we see this junk shot over and over in the last

impress investors but the fed is feeling ben bernanke is failing. in providing price stability and wage wage stability in america and he's trying to turn as you point out junk into something that will provide collateral for a banking system that's collapsing and the market is saying we recognize that you're a fool ben bernanke and we're crashing well this quote comes from alan blinder a professor at princeton university in the is a former vice chairman of the fed and he said through operation twist bernanke he is throwing sticks and stones and peashooters and b.b. guns and whatever he's got that we could khana me in the effort to make marginal improvements i don't expect any miracles from it and frankly neither do they so max we see this that often we see this junk shot over and over in the last two or three years as the whole financial system collapses but as all of our systems class we saw the junk shot in the gulf of mexico with b.p. we saw the junk shot in fukushima the junk bonds have been replaced with actual junk from the junk yard and the pr

under ben bernanke's chairmanship, bernanke, according to newt gingrich is the most inflationary fed chairman of all-time -- bink. that's his inflation record. it's kind of anti-climactic, right? again, in normalsville, if you were assessing the inflationary prowess of the guy furthest to the right in red on this graph, he doesn't really look all that inflationary. in normalsville, that guy does not look like your inflation problem, but in republicanland, he must be replaced. he must be fired immediately. he must even be treated ugly by an imaginary mob in the great state of texas because of his horrible, horrible inflationary measures. as represented, again, by bink, that tiny little last position on the graph. it's the same thing with the effect of economic stimulus. with the whole idea of whether government can do anything to create jobs. when we have a really bad unemployment problem. it is held as an article of faith among the republican candidates. that stimulus spending to create jobs is some kind of democratic hocus-pocus. some kind of con game that they aren't going to get w

it really is just as much their fault as it is greenspan's or bernanke ngs. well a couple of things i would say first i would agree with what was just said the fed caused the current economic troubles by inflating the housing bubble and i also agree that the european central bank even though theoretically they have a good single mandate of price stability these indirect bailouts they're doing are reprehensible but my main point is that franklin delano roosevelt extended it and they disaster baited and worsened the great depression with all of his spending the higher tax rates more government intervention i mean hoover and roosevelt between them were two terrible presidents that kept the economy in the dumps for a long time now the only good thing i can say about the current political situation is that we will have gridlock because gridlock at least stops politicians from doing additional stupid things now and the long run gregg luck is a problem because we had desperately need to fix these entitlement programs this giant unfunded liability that the politician

bernanke repeated that the f.e.d. consider a range of options in the next policy meeting scheduled for september 20th and 21st, but he did not provide details. some people are calling for more monetary easing, but others say further easing could make inflation worse. >>> the european central bank has kept its key interest rate unchanged as concerns over the regional economy are on the rise. the bank decided on thursday to keep the benchmark rate at 1.5% after raising it twice since april. president told reporters the risk of a down swing in the euro zone economy are increasing and uncertainties are particularly high. also on thursday, the bank downplayed its quarterly job growth. the rate ask projected to be between 1.4% and 1.8% this year and between 0.4% and 2.2% next year. the economies of greece and other european economies are slowing down due to austerity measures aimed at reducing huge budget deficits. the central bank is facing the task of easing credit concerns. >>> now with obama's jobs plan, bernanke's spee

he's helicopter dollars babyface ben bernanke he's making the world happy well that's why we've said it would go to two thousand dollars an ounce well let's turn back to october twenty third two thousand and nine this is john nadler of kitco dot com writing he asked and asked says high gold price at one thousand dollars not sustainable so john nadler wrote in case you have any doubts where this writer stands he says gold is not in a bull market the dollar is in a bear market yes well let's talk again with all that ten thousand dollars and stays in her thanks so much for being on the kaiser report thank you max don't go away and much more coming your way so stay right there.

at jackson hole jackson hole gathering with ben bernanke in other central bankers and one of our big points there was that policymakers have to do everything they possibly can to keep house prices from falling further what are your thoughts on this point. my thoughts are they won't let the free markets work real estate got into a bubble because of policy makers trying to manipulate things they were trying to keep the stock markets from from seeking equilibrium and going back to realistic p. e. ratios and dividend yields they tried they pushed it into a bubble the bubble popped nobody likes a recession so the government comes in to save us and they try and push the stock market back up by lowering interest rates and accidentally create a housing bubble they're going to create some other bubble regardless of whatever what actions they take we have a monetary system that is a fault for this we are using a ponzi scheme monetary system that isn't a free market monetary system if we allowed the free market to once again select what money was and what the price of money is in the price of m

>> susie: federal reserve chairman ben bernanke acknowledged today the weakness in the economy and said the fed is ready to do what's needed to promote a stronger recovery. it's "nightly business report" for thursday, september 8. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> susie: good evening everyone. the world is waiting to hear president obama's highly- anticipated speech on job creation. the president will address congress at 7:00 p.m. eastern time. tom, his plan is expected to come with a price tag of at least $400 billion. >> tom: susie, the president is going to offer ways to pay for it that the white house says won't involve dragging the u.s. into more debt. of the president pledges this plan won't add to the spending deficit. >> and there will be a message to republican lawmakers fixing the struggling economy is their job, too. besides congress and the president, there are many other pla

now you guys ready for a new vocabulary word so they better reserve chairman ben bernanke he announced that announced that operation twist is going into effect and that means the fed is going to move the money in its nearly one point seven trillion dollars portfolio government bonds from short term securities into long term securities and here's a strategy that was used in the sixty's during the kennedy administration it's meant to lower young long term yields which determines the interest rate which means in theory rates on mortgages and other consumer and business loans will go down a move brought markets down and it's one that republican lawmakers are in opposition to as even before the fed made this announcement word spread that a letter had been sent by john boehner and mitch mcconnell last night to ben bernanke the urging him to resist efforts to lower interest rates so clearly this has become very political but when it comes to the economy is it going to work here discusses in our studio in new york is joe weisenthal deputy editor of the business insider want to thank you for jo

ben bernanke's recipe for the economy.martest guys in the room about what might work and where we go next. >>> we'll remember 9/11 and look ahead. i'll talk to the two key players from that dark and difficult time. my conversation with rudy giuliani andormer new york stock exchangeeo dick grasso. >>> what we learned and how wall street and america have changed since that fateful day. "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now maria bartiromo. >> here is a look at what is making news as we head into a new week on wall street. president obama unveiled his long-awaited plan to create jobs in an address to the country this week. the $447 billion package of tax cuts and new spending could add up to a million jobs, the president said, and increase growth by as much as three percentage points by the end of 2012. the plan includes plans to modernize schools, invest in infrastructure. but the bulk of the plan includes tax relief, i

bernanke want to see in the u.s.conomy before he does say what tools he's going to use, what tools he has in his toolbox and how he's going to use them. we've had pretty bad economic numbers of late, still nothing concrete from the fed chairman. anyway, let's check what happened here in asia today and the markets ending broadly lower. the nikkei down 0.6%, the hang seng down 0.25%, the australian benchmark, it bucked the trend, ending up more than 0.1%. inflation numbers out there, it failed to boost the shanghai composite, though, that ended pretty flat as you see there. on that data from beijing, monetary tightening at least on these numbers appears to be working. chinese inflation slowed in august from july's three-year high. that boosted hopes that beijing will be able to cut back from tightening more interest rate rises, more moves on the banks. inflation was at 6.5% in august. it's down. but it has a long way to go before it hits the government target. they've hit 4% as the inflation rate it wants to see. nina.

they all have decided they would like to fire ben bernanke. very quickly though, we have this two way -- we have what we believe is this knock down, drag out that's coming. ron paul is never going to get out of this race. ron paul is going to be a thorn in rick perry's side. is ron paul perry's secret weapon if he holding 10%. >> paul might be what people hope bachmann and perhaps palin were going to be. it's tough for romney to beat perry in a head to head matchup, because romney is never going to out fling perry on the right. romney needs help from someone else. >> lower the winning number. >> right to get a plurality win. somebody can do that. it might be ron paul now. who knows? >> it's time for us to get some sleep. good luck. travel safe. >>> is perry too polarizing to make it past the debate. did the debate help anyone? republican party chairman weighs in on the debate and who really can get ahead. first a look at the president's schedule. we told you what he's doing, a certain speech that starts at 7:00. i think even he knows you can't

two done because bernanke even says that small businesses can't get loans twenty six percent of people or so are still underwater on their mortgages. wall street's doing better but what is quantitative easing really done. well i think quantitative easing has made the situation a little bit better than it otherwise would have been. you know the real worry is if we start to have deflation if we have any deflation and people say oh prices are going to go down so i'm not going to spend today that would be an absolute disaster and we've hovered around that we're about two percent three percent inflation now and actually kicking inflation up a little bit wouldn't harm things and could help things as well what about the former st louis fed official who's saying that that we do risk an astonishing rise in inflation and you don't buy any sand. there's no evidence of that so far the bond market right now ten year bonds are running under two percent so there's absolutely no sign that people in the bond market are expecting a big increase in inflation you know when the government can borrow money

he's helicopter dollars babyface ben bernanke he's making the world happy well that's why we said it would go to two thousand dollars an ounce to let's turn back to october twenty third two thousand and nine this is john nadler of kitco dot com writing he asked and asked says high gold price at one thousand dollars not sustainable so john nadler wrote in case you have any doubts where this writer stands he says gold is not in a bull market the dollar is in a bear market yes well let's talk again with all that ten thousand dollars and things that hurt so much for being on the kaiser report thank you max don't go away and watch more coming your way so stay right there. i welcome back to the kaiser report time not to go to washington d.c. and speak with bill still the former newspaper editor and publisher best selling author award winning documentary writer director is feature length documentary the money masters is the fifteenth the most viewed film on the internet in history he also wrote and directed the secret of and twenty said bill still welcome a big welcome to the kaiser report

he's helicoptered dollars babyface ben bernanke he's making the world happy well that's why we said it would go to two thousand dollars an ounce well let's turn back to october twenty third two thousand and nine this is john nadler of kitco dot com writing he asked and asked says high gold price at one thousand dollars not sustainable so john nadler wrote in case you have any doubt where this writer stands he says gold is not in a bull market the dollar is in a bear market yes well let's talk again let's go all the ten thousand dollars and cents in her back so much for being on the kaiser report thank you max go go with a watch for coming your way stay right there. well the. weapons grade plutonium is turned into a vital new research nuclear waste becomes a fuel serenely to the environment energy. of the earth russian scientists lead the way in making these innovations a reality. for years a nuclear. missile revolution. in technology. we've. covered. welcome back to the kaiser report time not to go to washington d.c. and speak with bill still the former newspaper editor and publishe

in terms of what should happen, i think bernanke realizes and will tell the world that the u.s.sn't face a problem that can be handled with monetary policy. it's much more structural. so the bev thing monetary policy can do, the best thing qe3 can do is provide a bridge for other policymakers. but if other policymakers remain asleep, there is little point in providing that bridge. >> unfortunately, there is an element of unpredictability when it comes to the weather. >> get the hell off the beach in asbury park and get out. >> it's clear what is needed is credible medium-term fiscal plans that will give confidence to investors and others that the deficit will be controlled and fiscal policy will be appropriate in the medium term. the more credible the medium-term planning, the more flexibility that will exist to deal with temporary impacts such as potential impact of the hurricane. >> americans open our homes and our hearts to those in need and pull together in tough times to help our fellow citizens prepare for and respond to as well as recover from extraordinary challenges. wh