he owes me money ben bernanke he gives rhonda bents her money back and let's look at this tweet here mark probert says the federal reserve is a criminal organization. that didn't take too long did it see you just at the tune to this episode of the kaiser report and give us how much to how much do you think they're giving weight for the software program well i'll fly to washington for free and sort them through their problems but you know if you're going to put me through changes have to charge him accordingly like to if they're sixty million bucks now let's move on to another one of these international financial institutions these masters of the financial universe who say you would little people down there speak only kindly of us otherwise the system will collapse here is timothy geithner geithner says new democracies need inclusive a commie so this was timothy geithner speaking before the annual meeting of the i.m.f. and world bank and he said the fate of democracy in north africa and the middle east depends on building a commies that help the youth of those nations democracy count

oh look the third search ben bernanke he drunk oh ok well there you have it i mean they're going to spend millions and hundreds of millions to building a spine platform and they just answered to google ben bernanke and it's clear the. problem is that he's an alcoholic that's what people are saying about him let's look at twitter max i'm going to do a search there rhonda bence writes has anyone seen ben bernanke he owes me money ben bernanke he gives rhonda bence your money back but let's look at this tweet here mark says the federal reserve is a criminal organization. that didn't take too long did it then you just have to tune in to this episode of the kaiser report and give us how much to how much you think they're giving away for the software program all fly out of washington for me and some of them through their problems but you know if you're going to put me through changes i'm going to charge him accordingly like fifty or sixty million bucks now let's move on to another one of these international financial institutions these masters of the financial universe who say you good li

ben bernanke delivered a grim assessment on the u.s. economy today. speaking to lawmakers on capitol hill today, "sluggish" and "slow" were two words he used to describe economic conditions. >> susie: the federal reserve chairman promised that the central bank will be ready to act, if necessary. but he called on congress to do its part to help the economy, specifically coming up with a long-term deficit reduction plan. >> tom: bernanke admitted u.s. policy makers face tough economic choices, but added those choices cannot be "postponed." darren gersh reports. >> reporter: the key part of federal reserve chairman ben bernanke's message today came when he was asked about the impact of operation twist, the fed's program to bring down long-term interest rates. >> i think it'll help somewhat on job creation and growth. it'll be particularly important now that the economy is close... the recovery is close to faltering. we want to make sure that the recovery continues and doesn't drop back. >> reporter: "close to faltering" is not something you want to hear

in this paranoid schizophrenia delusional mind set he's got let me just point one thing out ben bernanke i volunteer ing to come to washington to help you straighten out your problem if you read everything i've ever written and you eavesdrop on me all day long and stick a video camera up my strength thing you'll find out that everything i'm said can only help you do your job better as a responsible person if you want to get out of the business of financial terrorism but i don't think you want to get out of the business of financial terrorism because you're not ideologues and you are part and parcel with those very elements that are destroying economies using suicide bombs your suicide banker he doesn't need this fancy szymanski expensive software only us and you is good at google dot com enter ben burnett oh look the third search ben bernanke he drunk oh ok ok well there you have it i mean they're going to spend millions hundreds of billions building a spying platform when they just answer the google ben bernanke the and it's clear the problem is that he's an alcoholic that's what people

federal reserve here comes feel good tact watch ben big brother bernanke he goes watergate prepares to eavesdrop on everything mentioning the fed yes the fed is apparently seeking the creation about social listening proc form so they can see who's talking about them and importantly know when they're. making negative comments and perhaps intervene and prevent this negative comments from happening but this is some of the an unintended consequences of the patriot act this is the paranoia of the fed they're breaching all kinds of laws again another unintended consequence of barack obama giving blanket immunity to varieties of another telecom companies when they were caught spying on people so number one he wasn't just to wholesale spying on people they try and figure out who out there is trying to get rid of the fed in this paranoid schizophrenia delusional mind set he's got let me just point one thing out ben bernanke i am volunteer ing to come to washington to help you straighten out your problem if you read everything i've ever written and you eavesdrop on me all day long and stick a vi

>> ben bernanke was right.oviet union would exist and triple a rated country given all of the spending. job creators have faced a juggernaut of reform in three huge sector. finance, energy and health. i am not saying they shouldn't have been reformed but in a targeted and more limited way and extended way . not in one fell woop that terrified job creators and make them feel like they are stranded with what is coming out of the washington. strong dollar policy and tax cuts and cuts in regulation and nondefense spending and you will see the economy boom. >> bernanke is wrong, dennis. if we want more jobs we have to cut back and not expand it. >> we are making the mistake of 19thren. back then recovering from the recession well and then suddenly boom. gop falls nine percent. and stock market loses half of the value. why? a study showed that government talked about cuts and deficit worris and need to raise interest rates too early it is not the cuts themselves. it is the debby-downer thing. debby-downer. >> and tha

bernanke also says long- term unemployed could well become the permanently unemployed. the bernanke comments come in the middle of a nationwide protest movement called occupy wall street. these protestors are demonstrating against wall street and its corporations. , who they believe caused the ongoing unemployment crisis. boston, baltimore, chicago, denver, kansas city, los angeles, new york, san francisco, seattle, st. louis, washington, d.c. have all seen the wall street demonstrations. president obama's former green energy advisor, ben jones, compares the protests to the arab spring. >> i think there's an expression exactly the same thing. we had the arab aude aude up. >> this is a piece of the national crisis ben bernanke is talking about. the unemployment rate for september, 9.1%, unchanged from august. in fact, in 27 of the last 29 months, over two years, the unemployment rate has been 9% or higher. question, when will the occupy wall street movement reach critical mass? >> john, i'll be honest, i'm unimpressed with the occupy wall street movement, when we're in t

bernanke added the fed will continue to closely monitor economic developments and is prepared to takeurther action if appropriate. >>> u.s. stocks rallied before the close on hopes for turnaround in the fortunes of the eurozone debt problem. to see how things are kicking off here in japan, let's cross over to ramin mellegard, he is at the tokyo stock exchange. ramin, quite a big shift in sentiment in just one session. how are markets reacting at the open this wednesday morning? >> good morning to you, ai. we've been talking about the volume tilts and the u.s. session provided more of that, and in fact in the first few minutes of trading here let's have a look at the opening levels shall we, in fact more volatility, because i can tell you, both indexes started in the positive, but are now just mixed. the nikkei was looking to follow the move in the dow, which actually jumped almost 400 points in the last hour of trading, and we did see the s&p 500 also gaining around 4% from its earlier lows. both indexes were trading lower, the s&p 500 and the dow were trading lower when the federal r

chairman bernanke.up on what vice chairman brady was talking about on the european situation. with all the issues relative to our economy, we have some modicum of control, you and us up here, of monetary policy and fiscal policy, but i think one of the frustrations is that we don't have any control over europe's decisions relative to their current problems and crises, but yet it can affect us here. to what extent would a default in greece or in some of the other countries, where those -- where that sovereign debt has some -- holders of that sovereign debt have some loss is our financial system sufficiently protected from that, that that -- that a default in greece and perhaps another country over there would not impact our financial system, at least? >> well, first it would depend the conditions of the default. if it were done in a way that was, where there were very substantial firewalls, back stops, protections, done in an orderly and controlled way, that would be one thing. if it was disorderly, unpl

go into a little more and you know he asks ben bernanke we have these issues been fixed bernanke he says for the most part yes and center says you know sorry i respectfully disagree but what is your beef you know that you have with what's gone on over the past few years with wall street well i think you know obviously. the. the lack of legislation and. over over you know the banks and vald and private i'm doing and involved in. public lending whatever you know there's been a lot of. lack of regulation and also in conjunction with. is the corporate personhood that we've been fighting against sense the beginning of time it seems like in this country well especially last year supreme court case citizens united right right last year right right last year which allows corporations to fund any political campaign to as much as they want. so it's really becoming a major problem and it's not going to get fixed and joe about supreme court legislation gets repealed hey i heard they were seeing yesterday i was at the take back the american dream conference and robert rice was speaking and he sa

he told congress to get to work helping the unemployed find jobs there's something that bernanke and the rest of the power players in washington just don't tell you what that is and ideally take that first let's go back to the one. we have with this. neil. neil mccabe i've said i'm sorry carl fresh and bright and a new washington post poll confirms that the what the american people have known i think all along that who cares about the haves and the have nots ok. they have nots fifteen percent first of all they were asking who the obama administration is looking for fifteen percent said they have twenty percent said they have nots forty five percent said the obama administration is treating this but that stands in contrast to where people are saying when they were asked about who the republicans are looking out for whopping forty seven percent of the abs publicans one of the ads only seven percent said they have nots thirty two percent said treated the same so nearly half the country believes the republicans are only looking out for the super rich are they and i think you should take

as the markets were whipsawed again, fed chairman ben bernanke offered a shaky prognosis on the economy. >> the recovery is close to faltering. we need to make sure the recovery continues and doesn't drop back and that the unemployment rate continues to fall downward. >> reporter: bernanke said the fed was ready to step in to support the recovery, but one leading economist says it's already too late. you believe a recession is inevitable? >> yes, i believe a recession is inevitable. >> reporter: lakshman achuthan heads the economic cycle research institute. >> about a dozen leading indexes for the u.s. economy have all turned down in a way that we only see in front of a recession. >> reporter: achuthan's forecast is notable because his firm correctly called the last three recessions. are we going to end up with double-digit unemployment again? >> i wouldn't be surprised at all if we go back into double- digit unemployment. >> reporter: the fed and many other economists see slow growth ahead, not a recession. but bernanke says congress must confront the soaring debt now. >> the nation fa

breaching all kinds of laws so now bernanke you want to just do wholesale spying on people to try and figure out who out there is trying to get rid of the fed in this paranoid schizophrenic delusional mind set he's got let me just point one thing out ben bernanke i am volunteering to come to washington to help you straighten out your problem if you read everything i've ever written and you eavesdrop on me all day long and stick a video camera up my strength thing you'll find out that everything i'm said can only help you do your job better as a responsible person if you want to get out of the business of financial terrorism . how devastated by pesticides and droughts. arming doesn't get much tougher than in india one of the dry seasons in decades has left thousands of farmers across the country with little crops and big debts even forcing some to take their own lives and as our reports the government has turned a blind eye to growing problem. the sun is shining on these farm lands in southern india commonly known as the country's rice bowl they may look watch but the grass is far from

then big brother bernanke he goes watergate prepares to eavesdrop on everything mentioning the fed yes the fed is apparently seeking the creation of a social listening form so they can see who's talking about them and importantly know when they're making negative comments and perhaps intervene and prevent this negative comments from happening you know this is some of the unintended consequences of the patriot act this is the paranoia of the their breaching all kinds of laws so now bernanke you want to just do wholesale spying on people to try and figure out who out there is trying to get rid of the fed in this paranoid schizophrenic delusional mind set he's got let me just point one thing out ben bernanke i am volunteering to come to washington to help you straighten out your problem if you read everything i've ever written and you eavesdrop on me all day long and stick a video camera up my strength thing you'll find out that everything i'm said can only help you do your job better as a responsible person if you want to get out of the business of financial terrorism . devastated by pes

that's what ben bernanke said. that is beyond -- does the speaker really think it is beyond what congress should be doing to confront something that's hurting the recovery, that everyone who studies it says is unfair, that no one has come up with a solution. multilateral negotiations, give me a break. china won't budge. we know that. mr. president, i find it ironic that the speaker wants a hands-off approach on china's unfair currency practices considering he along with the rest of the republican leadership in both the house and the senate just sent a letter a couple of weeks ago seeking to medal in u.s. currency policies. just two weeks ago the republican leadership in the house and senate sent a letter to chairman bernanke trying to influence his handling of monetary policies in a highly inappropriate way. it was nothing short of a preach of a protocol that has -- short of a breach after protocol that has long been observed which is you don't put political pressure on the federal reserve because they need to hand

this could go on for a while. >> federal reserve it chairman ben bernanke says the recovery is close to faltering. >> testifying before congress he said the economy is growing more slowly than the fed expected. he said weak job growth is the biggest reason for low consumer confidence. he said the central bank expects growth in the second half of the year to be more rapid than the first, but the economy still faces challenges. >> reason revisions of government economic data show the recession was deeper and the recovery weaker than previously estimated. >> he says lawmakers must avoid deep spending cuts that could impede recovery. he said they could eventually cut more spending than the 1.5 trillion dollars sought by a special panel. >>> a financial program could help millions of troubled homeowners. individual homeowners it -- it will be determined whether a murderer should be reimbursed -- it would be open to borrowers in some state of foreclosure in 2009 or 2010. the government estimates 4.5 million borrowers could be eligible. >>> good news for cash strapped parents -- toys r us i

so everybody actually has to keep interest rates now the most interesting recent example is ben bernanke and the twist are basically what he's doing is pulling down the long into he's saying all sorts of things like mortgage refinancing they would move it refinancing he wants to create greater capacity for the federal government to basically spend more money i want to stick on the spend thing for a second because the fed under greenspan and now at bernanke has been completely politicized and yet they're supposed to be independent occupy wall street is now beginning to be protest against the fed first i realized you know what it's not politics is the bankers and then they realize you know who's behind the bankers is the fed bankers they know that they're moving in that direction and you've got a big uptick in brown paul has made this a nation is literally so they're not independent it's become politicized and yet they say they're independent so how do we rectify that problem well i think first we go to break the finance government complex you got to break that same as the defense industri

. >>> ben bernanke warn had the the recovery is quote close to falters. bernanke told congress why it's important to reduce the debt congress should avoid action that is would impede the recovery in the short term. changes in fed policy such as interest rates and the money supply won't fix the economy alone. >> fiscal policies of critical importance, but a wide range of other policies concerning to labor market, housing, taxation and regulation also have important roles to play. >>> bernanke also indicate had the the recession was more severe than originally thought. >>> the stock market experienced wide swings today on indications that greece will not be able to pay its debt. the dow and nasdaq gained ground by the close of the session. the dow was up 163 points to 10,808. >>> the volatility has investors and policymakers on edge for the u.s. to officially enter a bear market, multiple indexes would have to drop 80% and stay down for two months. coming up at 5:30, you will hear from what financial planner expects the market to do and how investors are re

. >>> investors also paid close attention to ben bernanke who said he is prepared to take further steps to shore up the economy. he spoke to congress today saying the economy is growing more slowly than expected. >> reason revisions of government economic data show that the recession was even deeper and the recovery even weaker than previously estimated. >> ben bernanke said that consumer confidence was low because of poor job growth and that any spending cuts could impede a recovery. he expects growth to pick up in the second half of the year. >>> a local scientist is now a nobel prize winner. the uc berkeley professor will share a $1.5 million prize in physics with two other scientists. we're live from the berkeley hills where the professor and his colleagues are celebrating. >> reporter: he found only one exploding star over the course of 2 1/2 years. he didn't give up and now the researcher from berkeley laboratory has something to show for it. >> please welcome our 13th berkeley lab saul perlmutter. >> he found out he received the nobel prize in physics only six hours prior. >> sci

speaking on capitol hill earlier this week i don't reserve chairman ben bernanke he didn't give anybody much to smile about regarding the debt crisis in europe or to you said that there was little the fed could do and that they are unfortunately just innocent bystanders and europe's debt crisis been hitting markets hard and when you have the jobs crisis here in the u.s. which is fueling fears of corporate losses that i guess it all adds up to bernanke is warning that the economic recovery is close to faltering not likely necessarily needed bernanke you to tell us that but anyway let's move on there's a new proposal is being floated around out there and it may seem a little radical but some economists argue that it's the only way to get us out of this mess that proposal is massive debt relief just think about it tens of millions of americans are burdened with mortgages that they can't afford as well as of course student loan debt and credit card debt we're a country that likes to charge and then pay later but since the banks got a bailout the american people get want to discuss this with

bernanke. a question coming from a slightly different direction. i think most americans perceive today that the middle collapses -- the middle class is collapsing, our poverty is increasing, real unemployment is about 16%, 25 million people without jobs or underemployed, and yet the same time, we have growing inequality, and commonwealth, the top 1% earning more income than the bottom 50%. the wealthiest 400 people own more wealth and the bottom 150 million americans and that gap is the greatest of any major country on earth. to you believe that these economy will recover -- do you believe that this economy will recover as we -- as long as we have is growing gap between the very rich and everyone else, where some many have so little? >> i am concerned and i have spoken on this issue. it is not a recent development. it has been happening since the late 1970's that the inequality has been increasing and at the top in particular, there has income. increase in com it would help to have broader base