Thursday, June 23, 2011

NO CONFIDENCE IN BEN BERNANKE

I laughed when Fed Chairman Ben Bernanke won Time's Man of the Year in 2009, after receiving credit for saving the global economy in 2008.  I half-jokingly said Fed Chairman Ben Bernanke would be eventually tried for treason after destroying the USDollar.  I was summarily ridiculed then.  Now, not so much. 

http://pragcap.com/no-confidence-in-ben-bernanke

Here's another little dirty secret.  As Fed Chairman, he doesn't even call the shots on monetary policy.  It's the US Treasury and Bernanke's true bosses who are the shot-callers:  the big European and US banking cartel.  They order him to print money--or else.

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