Ben Bernanke- Person of The Year 2009 - A Joke

[joeblow]

Ben Bernanke- Person of The Year 2009 - A Joke

http://www.stockwolf.com/story/ben-bern ... -2009-joke

This title is a mere farce, and as fraudulent as the Fed
ETHAN HASTINGS
STOCKWOLF STAFF WRITER
Tuesday, December 22, 2009

Ben Bernanke should be given the title of "Counterfeiter of the Year". A man who has increased the loans on the Fed's books of merely 2.2 Trillion, and has loaned it out to various central banks with bailouts and other programs, not to mention the reported 9 Trillion in off balance sheet transactions that have been added to the Federal Reserve's shenanigans and mischief.

This is a system, where with a few penstrokes, and a few keystrokes, FRN's are created out of thin air. They are not savings. They are not real reserves. These are just imaginary credits that are created out of thin air, which, earning back the principle is of no concern, it is just about getting the interest. The profit margin on these transactions are 10000000000000000000000000000000% ROI, because there is no I. the ROI might as will be infinity.

The manager of the Federal Reserve is really not of importance. You could replace him with any naive academia, and over time this person will become as corruptible, lack the backbone to do what is right, and will ultimately have his character shaped into the downright sinister regime or cartel that, by its very nature was manufactured and chartered to do this. The store clerk behind the Dairy Queen, could be the Manager of the Week, same as the next guy on the next shift. It doesnt really matter who is the manager, it is the Nature of the Beast that is what is being touted here -- The Federal Reserve.

The truth is that Ben Bernanke has NO POWER. The perceived power is merely an illusion and it is the perception of the media which has been BLACKEDOUT for about 3-4 decades on the issue of monetary policy. This is a man that actually CREATED the mess, by RAISING INTEREST RATES 17 TIMES IN A ROW in 2005-2007 or whenever the exact dates were.

He actually created and popping of the real estate bubble, and now we are applauding him for attempting to clean it up, after he caused the mess in the first place?

Slashing interest rates to 0, and now threatening to raise them if there should be any talk about decreasing the Fed's role or position in monetary policy. Even increasing the oversight. Congress must  act quick (within a year or 2) to audit and eventually abolish this dispicable creature which is not only a viper in a den of theives, but a vulture of America which picks apart the corpse of savings, employment, production, and america's status as a world power.

 They say that Monetary Policy should not be politicized.So then, why are the past presidents of the United States featured on the face of the front side of the currency? That is the most political statement of them all, and for a private institution that is not part of the government to be abusing the legacies of the past presidents of our country to “market†this fraudulent currency, is outrageous. You ask to do an audit on their books, and all of a sudden, it’s “politicizing†monetary policy. In fact, there should even be an amendment brought up in the House to remove Andrew Jackson’s face from the 20 dollar bill, and fine, let’s replace it with Ben Bernanke’s face instead. Obviously, one man stood for something, and the other is just merely a corruptible pawn in a scheme of nearly 100 years that has run its course, and is almost over.

Downright anger is raged when people even hear the words, "Federal Reserve". Many more are coming forward and learning the true nature of its existence, even those that have ignored history and have been driven by greed and power over virtue and what is right for our country. This is great that Time Magazine has put this on the front cover on their rag, with the hopes that it will actually motivate individuals to research some history and inform themselves of monetary policy, instead of being enslaved by ignorance and debt. Our Country is in debt of nearly 13 trillion, 1/2 of which (6 trillion) the debt is owed to the Fed in terms of interest and fees.

They very well could have given this award to Bernie Madoff, let alone Ben Bernanke. The truth is, that the more exposure that "Time Magazine" or whatever publication that wants to bolster the prowess of the Fed, it just means that there is more attention and therefore more research into the private organization that runs our money supply. Inevitably this will mean an inevitable Audit and eventual Abolishment of the Federal Reserve System in general, with my prediction being in LESS than 4 years, and under 8 years.

Jim Rogers has even called for 1) the abolishment of the Fed. and 2) the resignation of Ben Bernanke.

Milton Friedman has called for the abolishment of the Fed.

This is no longer just a fringe movement. The Federal Reserve has in fact INSURED its eventual demise abolishment, and America will be a better place once this has been done.