Arsonist Bernanke Gives Advice He Didn't Follow.

 

In the below article, Fed Chairman Bernanke is compared to an arsonist who started a series of fires and then he tells firemen to go and put them out.

 

In actual fact it is worse than that.  He is not only an arsonist but also he is collecting insurance fraud on the burning buildings and skimming the paychecks of the firemen.

 

This whole financial debacle can only end with a mighty crash and that is getting obvious to almost everyone.  It is the debt stupid.  Clearing debts due with more debt money is like opening a daisy chain of credit cards, each paying off the previous in successive transactions of borrowed money until the banks say "no more".  And we are at that point now where the banks are saying no more but the government just bribes and threatens the banks to go ahead and give more credit but it won't end well.  You can't keep doubling down on interest accrued forever in a hockey stick graph beyond the reaches of the universe.  There are limits and if anyone can find them, the current crop of wide-eyed bankster frontmen will.

 

More below...

 

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Bernanke to Congress: Reduce the Deficit!

Wyatt Research Staff | The Daily Profit | June 9, 2010 3:49pm EDT

As stocks traded mostly sideways today, Federal Reserve Chairman Ben Bernanke paid a visit to Congress to address the House Budget Committee. In a surprising turn from what's been the hallmark of his reign as the head of the Fed, Bernanke seemed legitimately concerned about sovereign debt issues here in the United States.

 

He said, "To avoid sharp, disruptive shifts in spending programs and tax policies in the future, and to retain the confidence of the public and the markets, we should be planning now how we will meet these looming budgetary challenges."

 

Strong words for a Fed Chief who has been responsible for the largest money supply increase in the history of the U.S.

 

Between 2007 and 2010, Bernanke created at least an additional $2 trillion in dollars in order to bail out his banker buddies, and since his is an appointed position to a quasi-private group of banks, no American citizens can ever vote him out…ever.

 

So to hear him tell the Congress to cut the deficit is a bit like an arsonist telling firemen to extinguish fires.  

 

At this point, with the country's politicians either too ignorant or too complicit to lift a finger in defense of America's currency, or American citizens, there are very few avenues of recourse for investors.

 

The only logical alternative to swallowing Bernanke's tripe is to trade in your dollars for investments that will benefit from the demise of the dollar.  

 

This action accomplishes two things:

 

1)    It removes those dollars out of harm's way.

2)    It lets you profit as Bernanke and friends raid its worth for every penny.  

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Precisely!

 

Every hard earned dollar you dump into the market before the bankers dump their newly printed confetti into the market is more leverage for you and less for them.

 

Sink that soon-to-be-devalued paper into real gold and silver.  Enjoy the mania phase III that Eric King keeps talking about (previous post).

 

The once-in-a-lifetime opportunity to grow wealth by multiples is here for the masses.  The vehicle is gold and silver.  Tax free in many regions of the world.  Off the books for most types of transactions.  Consider it today.

 

Cheers,

Tate