QE2 – The Bernanke Chronicles

Another poignant article from Jim Quinn. We have an election coming in this country. I suggest you vote for someone who wants to get rid of Bernanke and the Fed. Since there is only one candidate who has stood on this platform for decades, the choice is academic, Dr. Ron Paul.

 

QE2 – The Bernanke Chronicles

From Jim Quinn of The Burning Platform

QE2 – The Bernanke Chronicles

Our self proclaimed “expert” on the Great Depression, Ben Bernanke, seems to be feeling the pressure. His theories worked so well when he modeled them in his posh corner office at Princeton. He could saunter down the hallway and get his buddy Krugman to confirm his belief that the Federal Reserve was just too darn restrictive between 1929 and 1932, resulting in the first Great Depression. I wonder if there will be a future Federal Reserve Chairman, 80 years from now, studying how the worst Federal Reserve Chairman in history (not an easy feat) created the Greatest Depression that finally put an end to the Great American Military Empire. Bernanke spent half of his speech earlier this week trying to convince himself and the rest of the world that his extremist monetary policy of keeping interest rates at 0% for the last two years, printing money at an astounding rate, and purposely trying to devalue the US currency, had absolutely nothing to do with the surge in oil and food prices in the last year. Based on his scribbling since November of last year, it seems that Ben is trying to win his own Nobel Prize – for fiction. (More…)

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