Wednesday, July 17, 2013
Bernanke, The Face of Modern Day Capitalism
"I Don't Think So"
When asked if it were fair to say that Wall Street had benefited more than Main Street from the Federal Reserves' stimulus, Mr. Bernanke's response was "I don't think so". It goes to show even Central Banksters are as much politician as they are bankster.
C'mon. The Federal Reserve has more than enough data at its disposal which should clearly show that the main benefactor in all of this is, in fact, Wall Street. Stock market prices are racing to all-time highs while employment rates and the numbers for full time employment remain stuck in the mud. Is Mr. Bernanke asking me to believe he is not aware of what those numbers really mean?
Lies, Damn Lies...
To me, the big problem in looking right at the camera and lying because they think that everyone else is too stupid to know any different, is it destroys the credibility of their whole argument. They may not think we can prove they are lying, but we don't need degrees from Harvard University to know when they are, and where the money is ending up. If they are lying about these things, then what else are they lying to us about?
Practice Makes Perfect
I was never a fan of the ideas that government's borrowing of more money is the solution to government's borrowing of too much money, or that banksters should be rewarded for gambling away the wealth of nations by giving them more money to practice with.
The Morale of The Story
In the end, Mr. Bernanke will be long gone and away from the scene when the problem chickens begin to come home to roost. Again, the average working slob will be left picking up the pieces of yet another failed experiment - failed in the sense that it did not help anybody but the immediate benefactors. Clearly, Mr. Bernanke and his ilk will have accomplished their mandate if they can suspend judgement just long enough that the perpetrators have enough time to laugh all the way to the bank before people wake up to the fact that new regulations are required that hold politicians, CEO's, and banksters, including Central Banksters to account.
Do you reckon they might end up wrecking the joint before that can happen?