Bernanke Deceptive, Says Real-Life 'Lie to Me' Firm

Helicopter Ben

Bernanke deceptive, says real-life 'Lie to Me' firm
Intel analysts say Fed chairman hiding true feelings in '60 Minutes' interview
wnd.com - December 10, 2010

In his recent "60 Minutes" interview, Federal Reserve Chairman Ben Bernanke assured America and the world that he's 100 percent confident the extraordinary measures he's taking to help the nation's depressed economy will be effective – and won't cause undesirable inflation.


However, according to a unique business analysis firm staffed with intelligence professionals – who use esoteric techniques to separate truth from obfuscation and deception in high-level business data – the Fed chief's public assurances about its most recent controversial attempt to stimulate the economy are very different from his actual beliefs and fears.

The Fed's new expansion of the money supply – dubbed QE2, short for the second round of "quantitative easing" following QE1 that ended in March of this year – involves the creation of $600 billion of new money to purchase Treasury debt. Critics and proponents alike agree the action is blatantly inflationary, but disagree on how much and whether that is desirable.

During his interview with "60 Minutes" last Sunday, reports Forbes, Bernanke claimed that the Federal Reserve isn't really printing money, and that he's "100 percent confident" the Fed can control the inflation that will result from the unconventional policy.

Not quite, says Boston-based Business Intelligence Advisors, or BIA, which "conducts 'tactical behavior assessments' based on methods developed during intelligence interrogations and interviews," according to Forbes writer Neil Weinberg. "BIA's analyses are used by institutional investors to assess the behavior of senior corporate executives."

In BIA's Dec. 7 report, "Mr. Bernanke lacks confidence the $600B Treasury bond plan will stimulate the economy and may actually foresee a need to increase that amount," reports Forbes.


Moreover, say BIA's analysts:

When asked about the likelihood of another recession, while he downplays the possibility as 'relatively unlikely,' his qualified statements suggest he lacks confidence that this is the case. Furthermore, he highlights unemployment as a reason that the economy could slow down and signals legitimate fears that the economic recovery is not self-sustaining. Given that Mr. Bernanke clearly has low expectations for improved employment in the foreseeable future, these comments raise the likelihood of additional funds being committed to the plan."


In addition, BIA states, "The possibility of inflation is a greater concern than Mr. Bernanke is willing to admit. Mr. Bernanke fails to truly deny the plan [to buy Treasuries] will not drive inflation and inadvertently reveals very real concerns about implementing the plan when he states 'the trick' is when to start to unwind the policy and that the Federal Reserve is 'trying' to achieve a balance."


BIA is reminiscent of the popular Fox television drama "Lie to Me," based on the real-life scientific discoveries of psychologist Paul Ekman, who discovered how to read clues embedded in the human face, body and voice to separate truth from lies in criminal investigations.

BIA's methods, according to its website, are "grounded in the Company’s proprietary Tactical Behavior Assessment® model, conceived by the national intelligence community and refined since 2001 while serving the world’s premier investment firms. BIA applies its unique behavioral lens using Tactical Behavior Assessment to evaluate the completeness and reliability of all forms of corporate disclosure. The Tactical Behavior Assessment model relies on patterns of certain verbal and non-verbal behaviors which are consistent and reliable indicators of hidden risk."