# Thank You Ben Bernanke! Liquidity Trap Anyone? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [December 16, 2008, 12:00pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834 "2008-12-16T12:00:27Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 9:38pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/21 "2008-12-16T21:38:44Z")
Now is a great time to be young. :highfive: ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 16, 2008, 9:48pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/22 "2008-12-16T21:48:27Z")
and super rad ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 16, 2008, 9:49pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/23 "2008-12-16T21:49:49Z")
> [@ILC](#): > > But if this is true… I don’t know why someone would take such a deliberate act to make a recession more severe. The answer is obvious, however, by accepting the obvious answer you will almost immediately be called a tin hatter. Until the truth is soo blatant that it cannot be ignored or misconstrued any longer. These are predictable and obvious times. I’d say it’s interesting but honestly it’s just depressing and that’s why soo many people refuse to pay attention to or acknowledge any of it. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 9:53pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/24 "2008-12-16T21:53:20Z")
> [@cougarspeed](#): > > and super rad :wstupid: Although I’m not really rad per say. More just that I have the wisdom of an elder with the swagger of a college kid. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 16, 2008, 9:55pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/25 "2008-12-16T21:55:44Z")
> [@Carnut](#): > > The answer is obvious, however, by accepting the obvious answer you will almost immediately be called a tin hatter. Until the truth is soo blatant that it cannot be ignored or misconstrued any longer. > > These are predictable and obvious times. I’d say it’s interesting but honestly it’s just depressing and that’s why soo many people refuse to pay attention to or acknowledge any of it. Dear Carnut, Although you do wear a very strange hat and i am pretty sure they are not trying to read your thoughts you are right. IMO the only sign of any recovery today would have been no rat cut. Saying it is staying cut for a extended amount of time and they are buying securities HAHAHA all that says to me is. “oh hai guise we are fucked and out of options.” At least they are willing to try to prop us up as long as they can although it is going to be at the expense of some serious inflation after a recovery. ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 16, 2008, 9:56pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/26 "2008-12-16T21:56:55Z")
> [@cougarspeed](#): > > Dear Carnut, > Although you do wear a very strange hat and i am pretty sure they are not trying to read your thoughts you are right. IMO the only sign of any recovery today would have been no rat cut. Saying it is staying cut for a extended amount of time and they are buying securities HAHAHA all that says to me is. “oh hai guise we are fucked and out of options.” At least they are willing to try to prop us up as long as they can although it is going to be at the expense of some serious inflation after a recovery. And who stands to profit from it…The Federal Reserve. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 9:57pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/27 "2008-12-16T21:57:44Z")
> [@Carnut](#): > > The answer is obvious, however, by accepting the obvious answer you will almost immediately be called a tin hatter. Until the truth is soo blatant that it cannot be ignored or misconstrued any longer. :word: Nobody wants to believe that expanding the money supply could actually help fight deflation and promote investment if we’re not actually in a full out balls to the wall liquidity trap. You’ll have to put on your tinfoilhat before you try to remind people that Friedman (who was a Neoclassical, not a Keynesian, by the way) won a Nobel prize in economics for arguing that part of the cause of the depth and breadth of the great depression was the Federal Reserve’s inaction in acting as a lender of last resort and allowing the money supply to shrink. ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [December 16, 2008, 9:59pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/28 "2008-12-16T21:59:36Z")
i wonder how all of this is going to affect financial aid and student loans…hmm. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 16, 2008, 9:59pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/29 "2008-12-16T21:59:39Z")
> [@Fry](#): > > :wstupid: > > Although I’m not really rad per say. More just that I have the wisdom of an elder with the swagger of a college kid. All of mid-week drinking crew is super rad. I have the wisdom of an elder, with bad drug habits, serious drinking problems, no sense of responsibility, and like to bang high school chicks. Its close enough. ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 16, 2008, 9:59pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/30 "2008-12-16T21:59:53Z")
Again, why would the federal reserve do such a thing? There are motives to all actions. And saying that you have the wisdom of an elder is an oxymoron. As you are not an elder and have not gained the life experience necessary to have said wisdom. Which by the way is why you should respect your elders (cough, blue eyed devil, cough) maybe he’s seen it before you were done watching GI JOE ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 10:01pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/31 "2008-12-16T22:01:06Z")
> [@Carnut](#): > > Again, why would the federal reserve do such a thing? There are motives to all actions. > [@Fry](#): > > :word: Nobody wants to believe that expanding the money supply could actually help fight deflation and promote investment if we’re not actually in a full out balls to the wall liquidity trap. You’ll have to put on your tinfoilhat before you try to remind people that Friedman (who was a Neoclassical, not a Keynesian, by the way) won a Nobel prize in economics for arguing that part of the cause of the depth and breadth of the great depression was the Federal Reserve’s inaction in acting as a lender of last resort and allowing the money supply to shrink. . ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 16, 2008, 10:02pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/32 "2008-12-16T22:02:55Z")
> [@Carnut](#): > > And who stands to profit from it…The Federal Reserve. Me ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 16, 2008, 10:03pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/33 "2008-12-16T22:03:26Z")
perhaps i read that wrong? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 10:03pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/34 "2008-12-16T22:03:55Z")
> [@Motocrossx23](#): > > i wonder how all of this is going to affect financial aid and student loans…hmm. I wouldn’t worry. That’s already federal money. Plus Obama is a big pro-education guy, so I don’t see there being any problems with financing an education in the next 4 years. I’d just sit back and watch the interest rates on your loans drop. But I’m just a lowly control systems engineer. :gotme: ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 10:05pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/35 "2008-12-16T22:05:19Z")
Fuck. It’s 1am. I was falling asleep on the couch at 9. How the hell do people fall asleep at night? I was like this all my life, then from college till about now I could fall asleep no problem, now I’m back to counting sheep for hours. Goodnight. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [December 16, 2008, 10:06pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/36 "2008-12-16T22:06:24Z")
> [@Fry](#): > > Fuck. It’s 1am. I was falling asleep on the couch at 9. How the hell do people fall asleep at night? I was like this all my life, then from college till about now I could fall asleep no problem, now I’m back to counting sheep for hours. > > Goodnight. FGGT! ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [December 16, 2008, 10:08pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/37 "2008-12-16T22:08:53Z")
Final note: > [@Carnut](#): > > perhaps i read that wrong? Dude we should grab a drink again sometime. I guarantee we’d find a lot more common ground than we do on here. You’re not the nutjob I like to pretend you are when I’m bantering on here, and I’m not the naive blind sheep I’m sure I come across as. Yeah shit’s ugly. Yeah there’s a lot more to it than what the media tries to feed us. Yeah we’re going to get past it eventually. Goodnight! ---
**Author:** ![Carnut](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/carnut/32/7590_2.png) [@Carnut](https://forums.speedlife.net/u/Carnut)\ **Post date:** [December 16, 2008, 10:13pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/38 "2008-12-16T22:13:24Z")
I would say I am not a nut job but I am whatever you want to think I am. I live and die in the business world all day long. It’s what I do so I’m sure I have a much different view point than you or most others who do not infact run a business of their own. It happens, no big deal. I’m down for drinking. ---
**Author:** ![97\_B18b1](https://avatars.discourse-cdn.com/v4/letter/9/cdc98d/32.png) [@97\_B18b1](https://forums.speedlife.net/u/97_B18b1)\ **Post date:** [December 16, 2008, 10:23pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/39 "2008-12-16T22:23:14Z")
> [@Carnut](#): > > The answer is obvious, however, by accepting the obvious answer you will almost immediately be called a tin hatter. Until the truth is soo blatant that it cannot be ignored or misconstrued any longer. > > These are predictable and obvious times. I’d say it’s interesting but honestly it’s just depressing and that’s why soo many people refuse to pay attention to or acknowledge any of it. No because even when the shit really does hit the fan and all the pieces really do start to fall into place most of the sheeple in the world will believe the story they are told as to why it happened. Whatever is put ont he news 95% of this country will believe no matter how obvious it is that they are not being told the truth. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [December 16, 2008, 10:25pm UTC](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834/40 "2008-12-16T22:25:24Z")
You know when I heard the news today about the rate cuts and about the bs going on in NY, I wasn’t even going to post but… It is impossible for me to imagine people starving like the Great Depression but, this is big. It may be even bigger than The Great Depression economically (I still hope people can eat though). I have been called chicken little or tinfoil hat or w/e but all of the indicators world wide have been bad for a while now and The US seems to be exacerbating the problem intentionally. We have had almost $8 trillion in bailouts/loans. NYS raising taxes?!? WTF? Is it possible that our leaders are this clueless? I say no. There are a small number of people getting super wealthy right now while the rest go broke. I never claimed to be any kind of expert on anything but some thing is very wrong right now and it has been building for years. [Previous page](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834.md?page=1) [Next page](https://forums.speedlife.net/t/thank-you-ben-bernanke-liquidity-trap-anyone/59834.md?page=3)