Tuesday, November 17, 2009


Helicopter-Ben Bernanke has taken to blowing bubbles in the financial markets with ease.
He is surely making EZ-Al "bubbles" Greenspan proud.
They have so much in common it's hard to tell them apart. Helicopter-Ben is just as delusional as the old coot too, spewing the following bile just today: "We are attentive to the implications of changes inthe value of the dollar and will continue to formulate policy to guard against risks toour dual mandate to foster both maximum employment and price stability. Our commitment toour dual objectives, together with the underlying strengths of the U.S. economy, will helpensure that the dollar is strong and a source of global financial stability."
Bullshit! Ben S. Bernanke - you sir are a liar!
He is attentive to nothing of the sort. Clearly he would rather use the US currency astoilet paper than formulate a policy to protect it. Has Ben done anything to achieve hisso-called dual mandate? How has he or the others at the Fed "maximized employment orprice stability?" The dollar is not strong as Ben claims; in fact, it is so weak it is now being throttled like a rag doll.
There is no financial stability!
Let's be clear here - Ben's #1 objective is to give your money away to the Scamming Banksters on Fraud Street and to make the clown-posse in Congress happy - period.
Ben "I-love-to-throw-counterfeit-money-from-my-helicopter" Bernanke said a lot more, of course, but this was a doosey: "Weak income growth, should it persist, will restrainhousehold spending."
Weak income growth? What income GROWTH is he referring to? There is no real growth because any growth at all is being stripped away by a lower currency (inflation) and the banksters radically jacking up credit card interest rates regardless of your paymenthistory. If you have a card with Shitibank, you know what I'm talking about. Shitibank,without warning, raised all card holders' rates to 29.99%. So if you had a balance, anyincome growth is now gone. And if that wasn't bad enough, taxes and fees are going uplike mad on a State and local level across the country to make up for their revenueshortfalls.
Does this man live in the real world? Of course not - he's an Ivory Tower geek fromPrinceton who is now a lapdog for the clown-posse in DC and the banksters on Fraud Street
He prattles on... "The outlook for inflation is also subject to a number ofcrosscurrents...blah, blah, blah."
Uh-huh, here's one of the crosscurrents you fool...THE VALUATION OF THE US DOLLAR!
With the US dollar plummeting, have you noticed gasoline prices shooting higher? Oops, there again goes that "income growth" idea...Aaand it's gone
In the end, this cartoon above captures what Bernanke really cares about...
If Helicopter-Ben really wanted to "help ensure that the dollar is strong and a source of global financial stability" then he would DO something about it rather than blather onlike the Fed-heads love to do. Here's an idea - raise interest rates to 1.5 or 2%. Holycrap - SAVERS might even get paid to save their own money, thus providing money for futureinvestments.
A 2% interest rate would end the dollar-carry trade and the ever increasing commodity prices like oil & gasoline. If the banksters can't survive with a puny 2% interest rate -screw 'em. They don't deserve to survive.
Thin the heard!

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