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Well here's a question for -- has a Federal Reserve been printing too much money or.
Have Ben Bernanke's moves ever had.
A depression in this country every day between now on the election we debate in different issue that matters today we're going to debate this Federal Reserve -- what -- -- -- murder managing principal on the block big group and mark Mattson Mattson money CEO over in Cincinnati.
I think Todd Schoenberg that you actually wanna marry Ben Bernanke you're good Spanish -- you think you -- war.
These -- we -- give them a statue on Washington Cheryl.
Look at it wasn't for Ben Bernanke easy only pro active guy right now in Washington it's doing anything he has saved this US economy.
Look I'm not runner for public office I know the long term impact to the US economy -- bottom line is this.
It wasn't for him and -- FOMC this economy -- GDP will be negative and poorly negative for probably a -- generation what he has done.
Has seen my -- -- that I'm not so sure that really what we're saying in the market numbers today -- -- -- -- last month really give us the sense that Ben Bernanke's move on QE3 was about smoke.
That's that's absurd is that fact that -- -- just the opposite look you need a sound money supply.
You stop printing money to -- three forever you know job that you can't solve a fiscal problem with the monetary attack.
The reality is the Fed and the treasury are -- -- for the federal government that actually in empower all these debts and deficits that we're we're piling up.
So now the monetary base is expanded bit -- one that's true -- monetary -- money supplies out there.
Has -- all the -- anyone that's an entrepreneur like -- AMP isn't gonna go out there massively grow the economy by borrowing money the banks can't get rid of the money doesn't matter what Bernanke does.
-- -- -- No he doesn't need it got a lot mark -- got this all wrong what's -- singing Sinatra nor and he doesn't wanna go out and go out and borrow I -- that.
Because of the man doesn't -- you know its laws idea mark with higher breaks it breaks we're going to hire you wouldn't have the demand that either because what -- -- clients that you do have the clients that's why you simply don't not to get a lot get a loan and expand right now but he can't do it now.
Look this stock market loves Ben Bernanke.
We want Ben Bernanke to be in office for the next ten years because there's nothing else it's organic about the US economy it's not growing on its own.
Because of the man does not there -- need to study keep rates as low as possible and they gotta stay low for long.
But -- but it would also got the dollar which continues and mark to be weak and you've also got then is why we're gonna have still with inflation problem before 2014.
People are borrowing money it's not because of -- people borrow money because they're scared to death they're afraid that if they go -- borrow money they're gonna get hit with a new round the taxes.
They're gonna get hit by more deficit spending.
It would be better off if we didn't have a fed that are much less -- liberal leaning -- -- that destroys the big company economy.
Interest rates and monetary supply should be able to freely -- Based on free markets not -- a centralized committee.
Fat and basically czar of money that manipulates it currency -- managed to Palin on China for manipulating it.
And and in reality we have a manipulator right near the United States it.
I think organic market on the bonnet -- your local congressman.
That's the group that should be out of office right now that people on Capitol Hill it's not Ben Bernanke.
He's the only -- anything that Washington these days you got -- -- -- -- -- Important warriors with congress hasn't -- apparently this fiscal -- They don't want to -- Bernanke will speak to him.
And let me just yeah he does go ahead Miriam makes absolutely no -- Let me as owner of the conversation for a dollar a week and a look a little bit forward here because we you know the markets are where we are today -- a nice this yesterday.
But here's the problem as a look at the next six months companies are still telling us that they're afraid to hire the demand is not there whether or not the Fed is I think they don't seem to Caremark what coming -- -- -- that.
-- can do to fix it is the -- -- -- get a new administration in there.
You have to get someone that understands that -- lets you get these deficits under control entrepreneurs and businesses are not going to leverage up they're not going to grow.
You better get the tax rates down and you better I continue to make this country strong unlike what's been happening over the last four years.
You need an entrepreneur in there not a a community organizer and with it with some luck to hopefully that'll happen since.
And say you know what look at the top of the same time governor Romney says if he's elected he would get red.
A Ben Bernanke and that's partly about a company.
That's right but that's in January 2014 but business -- and I will agree -- mark when that statement.
Is that they will actually go out to -- -- -- because you will have a number companies would trillions of dollars in cash on the balance sheet.
They will actually go out and expand and hire because of the certainty factor -- Mark all right last word right -- up like what do you investing in right now we're.
Bob we're investing in equities we believe that the greatest long true wealth creation tool on the planet it's -- -- be long term so when you have these dips and spikes like downward like we did last couple days -- have three -- -- more about quality deposit question oil and gas precious metals and real estate and if Obama is reelected look at the travel and leisure index because everybody's gonna wanna get out of town I think we'll be on the bias and.
-- -- -- Mark -- gentlemen thank kids in the paper don't -- guys.
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