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From a staunch Ron Paul, Peter Schiff, Marc Faber, David Tice fan this will go right against the grain. but could bernanke be a genius? could he be inflating the currency to combat our dependence on oil and imported goods? i'm definitely not a fan of regulation but i do think the recent gas price hikes were the best thing to ever happen to us.
just a thought.
first problem with this theory is, he is NOT inflating our currency he is DEFLATING it.
Ben is not a genius. He is far less experienced in the current issues than Greenspan was when he took the job. His actions and words indicate he is just furthering the Fed's corporate policy... to please the stockholders at the expense of the customers, us.
Remember, the Federal Reserve is a corporation, not a government office. Decisions of the Fed are not checked and cannot be vetoed by anyone in America, anyone in government, and anyone in the Executive branch.
Ben is a rich corporate guy who works for a company that creates its own money out of thin air, and doesn't even need the Treasury to print it. Get the picture?
On a related note to your post, I hope Hussein wins this Fall so this economy can hit the toilet and show Americans that their politicians sold them out and then fled accountability. Up will be the only direction left at that point, and we won't still be playing race, gender and politics but instead will be rebuilding our nation.
We haven't had any leadership worth a hoot in a generation, nor has anyone been held to account-not even Joe McCarthy.
Because we don't take any interest in our government, nor do we demand that villains be punished.
This could be our "Affair of the Necklace."
Many authorities rate that disgraceful bit of biz as one of the three causes of the French Revolution-it finally convinced the people of France that their government was too corrupt and inept to continue.
Somebody build a hybrid tumbrel while I put this guillotine kit together....
first problem with this theory is, he is NOT inflating our currency he is DEFLATING it.
i think you're confusing deflating with devaluing. if he was deflating the currency that would mean that he was reducing money supply. if he was deflating "THE VALUE" of the currency well that would mean something different
From a staunch Ron Paul, Peter Schiff, Marc Faber, David Tice fan this will go right against the grain. but could bernanke be a genius? could he be inflating the currency to combat our dependence on oil and imported goods? i'm definitely not a fan of regulation but i do think the recent gas price hikes were the best thing to ever happen to us.
just a thought.
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 6,506,556 times
Reputation: 1721
Quote:
Originally Posted by baystater
Yep.
BTW did anybody find that Paulson's water gun in pocket VS a bazooka in the pocket comment during his testimony today, to be completely idiotic.
Report: Gov't may soon back Fannie, Freddie - Yahoo! News (broken link)
So is it the water gun?.............or the bazooka?
Better yet. Is it live or????????????????? is it memorex?
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