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Sunday, March 27, 2011

Thank You Ben Bernanke! | Uncommon Wisdom Daily

AP | NEW YORK – Federal Reserve Chairman Ben Bernanke (bur-NANG’-kee) was named Time magazine’s “Person of the Year” in 2009.

Other winners was then-President-elect Barack Obama ... The 2007 winner was Russian Prime Minister Vladimir Putin. Other previous winners have included Bono, President George W. Bush, and Amazon.com CEO and founder Jeff Bezos (BAY’-zohs.)


Thank You Ben Bernanke! | Uncommon Wisdom Daily: "Ben Bernanke has unleashed the most powerful forces on the planet.
Retrieved from email by Pat Darnell

More powerful than any government. More powerful than any other central bank. More powerful than even the President of the United States.

He has ramped up the printing presses and will now print at least $600 billion of new money — and reinvest the interest the Fed is already receiving on money it printed previously (used to buy bonds) — to buy even more bonds (and print even more money).

All told, the Fed will be printing as much as $100 billion of new fiat money, per month. And that’s just for QEII!

Why do I say just for QEII? Because I have no doubt in my mind whatsoever that in the not too distant future — the Fed will find that it must print even more money, and up the ante yet again.

Make no mistake about this: As I told you from the get-go of this great financial crisis, Bernanke’s ultimate agenda is to massively devalue the U.S. dollar to inflate away debts … push up asset prices … and spark a major round of inflation.

Bernanke’s ultimate agenda is to massively devalue the U.S. dollar to inflate away debts.
Bernanke, more than any other central banker, is deathly afraid of a deflationary spiral. He will do anything he deems necessary to avoid it. He has virtually unlimited powers at his disposal."

WHAT is "QEII," you ask? Oh... here you go:



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