Thursday, February 3, 2011

Bernanke...the only "worst person of the world" not lampooned by the Obermann show

Bernanke is one dangerous intellectual cronyist. The guy has accomplished the goals I set forth in my "ENDING WELL" analysis last year. He has raised input prices, lowered output prices, decreased demand and increased debt. The concept that you could get paid a salary and bonus to do that is amazing. Even a monkey would have a hard time accomplishing those particular results with just pure luck. To accomplish this type of feat, you must rationalize, intellectualize and totally revolutionise financial and behavioural theory. Then you must use the result to make the wrong decision at every step...or more than likely the perfect decision for a few people and disastrous one for Mesopotamians, Europeans and Americans.

What is amazing is that this guy, gets "Time - Man of the Year" and never gets any attention from Obermann's "Worst Person of the World" segment...Obermann can only focus on partisan politics. America has been duped - by the media, by the politicians and by the regulators and financial elites. What a sad day it is that the deed has been done. Bernanke has accomplished his goal of assuring a crisis of mammoth and many more orders of magnitude greater than 2007 and 2008.

Whatever the man is smoking, I think we have a right to know. Below is an excerpt of the outright and easily debunked manipulations that Mr. Burnake spewed today:
  • Initial claims for unemployment insurance have generally been trending down, and indicators of job openings and firms' hiring plans have improved
  • QE 'Effective at easing financial conditions'
  • Recovery likely to be 'more rapid' in 2011 than 2010
  • 'Overall inflation remains quite low'
  • Recovery in consumer, business spending may be solid
  • Economy seems to have strengthened in recent months
As far as I see it, Bernanke, Geithner, Summers, Rubin and Greenspan are way more dangerous than any terrorist group or faction or even state at this point. All of them should be prosecuted for fraud, theft and breach of fiduciary duty.

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