Sunday, November 21, 2010

Bernanke and Geithner, the 'Abbot and Costello' of US Finance

"Most recently, Geithner stated, "It is very important for people to understand that the United States of America and no country around the world can devalue their way to prosperity, to (be) competitive" and "It is not a viable strategy and we will not engage in it." His ability to voice these words with a straight face, admittedly, was most impressive yet the fact that the Federal Reserve has been employing this strategy for the past 97 years with the American people remaining oblivious, take a little away from his performance. Apparently Americans believe professional wrestling is the real deal also. "

"Bernanke plays the worried public servant, stressing out over deflation while at the same time tripling the money supply over a few years. He keeps a cool front over the pent-up hyperinflation he has been instrumental in achieving. This is because he knows it will not happen yet because the latest $2.5 trillion in deficit spending and $600 billion in quantitative easing (monetization) that he has created has gone straight into the pockets of his crony bankster masters. He knows they will withhold from unleashing their booty until Ben and Timmy have completed their task of complete destruction of the US economic landscape so his masters can be assured of rock bottom prices when they open their wallets."

Perhaps Bernanke And Geithner Should Try Acting?

0 comments:

Post a Comment