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.
Thursday, June 23, 2011
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