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isnt bernake a expert on the great depression? is he following the same recipe for disaster?
Submitted by kidbquick on Thu, 08/13/2009 - 15:02
My coworker is telling me bernake saved the day.lol » |
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The "popular" assumption is
The "popular" assumption is that during the great depression the fed/gov didn't print enough money. Bernake is an "expert" on this line of thinking. So he is following the same recipe because in his "expert" opinion it started to work but they didn't make enough of it.
He is a great predicter since he is always wrong! lol
Just give me one example where he was right...
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg
/Mike
Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg
This is no accident
This is right out of the feds playbook. The only difference is we are on to them this time.
Please read Americas forgotten war with the Central Banks. There are even pictures.
http://www.financialsense.com/fsu/editorials/dollardaze/2007...
"Obamney care," Nuff said.
A Planned Demolition!
Yes! G Edward Griffin lays it all out in "Creature from Jekyll Island" read it again if you still have the book around!
** heres a good article too:
It's a Planned Demolition
There is No Recession
Working people are not being crushed by accident, but according to plan. It is the way the system is designed to work. Bernanke knows that sustained demand requires higher wages and a vital middle class. But Bernanke works for the banks, which is why the Fed's monetary policies reflect the goals of the investor class. Bubblenomics is not the way to a strong/sustainable economy, but it is an effective tool for shifting wealth from one class to another. The Fed's job is to facilitate that objective, which is why the economy is headed for the rocks.
The financial meltdown is the logical outcome of the Fed's monetary policies. That's why it's a mistake to call the current slump a "recession". It's not. It's a planned demolition.
http://www.counterpunch.org/whitney08102009.html
****
"I truly wish that real life would no longer surpass the worst excesses of my nightmarish imaginings... Arthur Silber **
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd
Bernanke is doing the same thing again X 50 due to.. inflation!.
He operates on the price of gold. Thus, he has to loot the treasury by that the factor. The numbers are bigger, but don't forget that the dollar is worth a lot less now. It is all relative, right?
He's an expert on the Great Depression in approximately
the same way that Mrs. O'Leary's cow was an expert on downtown revitalization in Chicago.
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
_________________________________________
"An economy built on fiat money is a society on its way to ashes."
Well, he did...
for the bankers.
he's supposedly an expert on the Great Depression. But, he's going to go down in history as one of the conspirators of the Greatest Depression along with the unenviable addition of hyperinflation.
Assert Your Authority
Assert Your Authority