Rats Desert the Sinking Bernanke
Big Trouble for Ben Bernank?
by Gary North
LewRockwell.com
Ben Bernanke is in trouble. Big trouble. Bigger trouble than any Federal Reserve Chairman has ever been in.
There is a cartoon video all over the Web that discusses “quantitative easing.” It is a riot. This is very, very bad for Bernanke. When the public starts laughing at a senior government bureaucrat, he is in trouble. You can view the video here.
I will assume from this point on that you watched it.
The Rest…HERE
So let’s see if I’ve got this straight. We are injecting close to 2 trillion dollars (600 billion now plus 1.2 trillion already done) into the money supply. That in turn will devalue the dollar by an estimated 20% according to many economists. As such, it will cost at least 20% more to do business. And this idiot says it will lead to job creation? What am I missing here? And if I’m wrong, someone please explain. My reading of history says what he is doing is idiotic!
Gotta give him credit though. he mimics the Moron in Chief quite well. When in doubt, blame someone else. As he’s finding that George as the whipping boy is wearing thin, he gets a new boogey man. Welcome to the club China!