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To: tejek who wrote (261861)7/18/2010 1:29:04 PM
From: Giordano BrunoRead Replies (1) | Respond to of 306849
 
My qualifications don't matter but trustworthy and Bernanke don't belong in the same sentence.



To: tejek who wrote (261861)7/18/2010 2:21:03 PM
From: Skeeter BugRead Replies (2) | Respond to of 306849
 
ben bernanke is a criminal who FACTUALLY broke federal reserve black letter law.

Section 2a. Monetary Policy Objectives
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.

[12 USC 225a. As added by act of November 16, 1977 (91 Stat. 1387) and amended by acts of October 27, 1978 (92 Stat. 1897); Aug. 23, 1988 (102 Stat. 1375); and Dec. 27, 2000 (114 Stat. 3028).]

federalreserve.gov

so bernanke's job, his legal mandate, is to make sure that credit doesn't rise faster than GDP.

what did he do? he took credit parabolic against GDP and conned people into thinking this was an alright thing to do!

look at the 2nd chart (based on federal reserve published data):

market-ticker.denninger.net

ben bernanke not only isn't honest, he's a criminal and, along with alan greenspan, he's most responsible for the bubbles and the ensuing busts that will asset strip society and transfer wealth to the owners of the federal reserve.

while ignorance is bliss, it won't allow you to solve any of the problems that face america today.