{"id":14577,"date":"2012-09-14T17:11:34","date_gmt":"2012-09-14T17:11:34","guid":{"rendered":""},"modified":"2012-09-14T17:11:34","modified_gmt":"2012-09-14T17:11:34","slug":"bernanke_sees_the_coming_collapse","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2012\/09\/14\/bernanke_sees_the_coming_collapse\/","title":{"rendered":"Bernanke Sees the Coming Collapse"},"content":{"rendered":"

RUSH: Baton Rouge, Louisiana, this is Tina. I\u2019m glad you called. Great to have you on Open Line Friday. Hi.<\/p>\n

CALLER: Hi, Rush. It\u2019s great to talk to you again.<\/p>\n

RUSH: Thank you.<\/p>\n

CALLER: My question is, I wanted to know if you thought that what Ben Bernanke did yesterday with the Fed, the money, and the debt increase and the borrowing, et cetera, is gonna help Obama in this election, because that\u2019s my fear, is that people will look at the stock market or whatever and —<\/p>\n

<\/a><\/p>\n

RUSH: No. That\u2019s gonna be one of the results of this, the increased stock market activity will allow the regime to say, “Look, the economy is doing really great, look at the stock market.” I want you to hear me on this. The thinking at the Federal Reserve — I studied this last night and today. It\u2019s not my opinion. I\u2019m telling you what I have learned. The thinking, Bernanke, the Federal Reserve, that if they didn\u2019t do this, it\u2019s double-dip recession time, and Bernanke, of course, doesn\u2019t want that during a campaign \u2019cause he is in the tank for Obama. They\u2019re trying to stave off this collapse, folks, that\u2019s coming. This is a Band-Aid to stave off the financial implosion that is coming if these policies don\u2019t change. And there is no policy change here. <\/p>\n

They\u2019re not even really buying this debt with cash. They\u2019re buying more debt with debt, mortgage bonds and security. And the theory — this is amazing — the theory this time is the same for the previous two. The theory is to put more money out there in the hands of lenders. The purpose is to put more money in the hands of banks so they will loan to small businesses so that small business will invest in itself. It hasn\u2019t happened the first two times. It\u2019s not gonna happen this time because the businesses that have good enough credit to borrow money are afraid of what to expect if this guy gets elected. They\u2019re afraid of the big Taxmageddon that\u2019s coming. They\u2019re afraid of Obamacare. They\u2019re afraid of what\u2019s gonna happen if he gets reelected. They\u2019re not gonna borrow. <\/p>\n

This is designed to stave off the collapse, and what\u2019s gonna have to happen at some point is Bernanke\u2019s gonna have to do the opposite. At some point, he\u2019s gonna have to reduce the money supply. At some point, interest rates are gonna have to go up. At some point, inflation is going to have to go up. This, I have no doubt, is an effort to help Obama. But it\u2019s also an effort, these guys think, in their hubris, to stop a financial collapse that they believe is imminent. And they think they can stop it with this, even though the first two QEs had no effect whatsoever.<\/line><\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: Baton Rouge, Louisiana, this is Tina. I\u2019m glad you called. Great to have you on Open Line Friday. Hi. CALLER: Hi, Rush. It\u2019s great to talk to you again. RUSH: Thank you. 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