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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (36683)	3/30/2011 2:13:46 PM
From: SARMAN	1 Recommendation Read Replies (3) \| Respond to of 71449

Wall Street seems to like what Bernanke is doing....ringing endorsement...can't you hear the bells chiming? Of course, if you give me free money, I will like you too. What has he done for main street? Oh yes, he bailed the banks and his cronies out, gave them free money and stuck us, taxpayers with the bill. Pray tell us how many new jobs did he create with the $600 billion, QE2, that he is giving wall street?

To: puborectalis who wrote (36683)	3/30/2011 2:46:32 PM
From: carranza2	7 Recommendations Respond to of 71449

Ben Bernanke received a 66% approval rating in a quarterly Bloomberg poll of 1,000 respondents, made up of investors, traders, and analysts. Did you really expect the financial industry to say otherwise? Of course they approve! He has enriched them, shoved moolah down their throats, saved their sorry asses. Although Wall Street is ruthless in its pursuit of cash, like a dog, it knows when to be grateful.

To: puborectalis who wrote (36683)	3/30/2011 3:32:05 PM
From: yoremopnhoj	2 Recommendations Read Replies (1) \| Respond to of 71449

More Americans Think The Federal Reserve Should Be Abolished The popularity of the Federal Reserve took a hit this week following Fed Chairman Ben Bernanke's controversial comments on 60 minutes that included a denial that the Fed is printing money. According to surveys, more Americans now favor abolishing the Federal Reserve. See the following post from The Mess That Greenspan Made. This week has turned out to be a horrible one for Fed chief Ben Bernanke who set the wheels in motion last Friday when he taped that 60 Minutes interview that has been roundly ridiculed since it aired on Sunday. While economists around the world may be marveling at Bernanke’s resolve, denials of money printing and 100 percent confidence that inflation will never pose a threat to the U.S. economy have not gone over so well with the public at large. The latest evidence of such comes via this report at the Washington Post (with Bloomberg) today in which recent polling reveals that most Americans think the country might be better off without the central bank as we’ve come to know and love it. Americans say the Fed shouldn’t retain its current structure of independence. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo. In a previous poll, conducted Oct. 7-10, 35 percent of Americans said the Fed should be radically overhauled, while 8 percent said it should be abolished. Republicans and independents are more likely to support ending the Fed, with 19 percent of independents, 16 percent of Republicans, and 12 percent of Democrats wanting to do away with the central bank. Among those who identify themselves as supporters of the Tea Party movement, 21 percent want to abolish the Fed. As if all that isn’t bad enough, news came late yesterday that, next month, Rep. Ron Paul (R-TX) will become chairman of the House subcommittee that oversees the Federal Reserve. Details are in this story at Bloomberg/Businessweek (is there anyone that Bloomberg isn’t teaming up with these days) and one can only imagine how Bernanke will feel in 2011 sitting across the room at hearings chaired by the guy who wrote the book “End the Fed“. investorcentric.blogs.nuwireinvestor.com