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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (107032)	1/7/2012 9:55:17 AM
From: RetiredNow	Read Replies (4) \| Respond to of 149317

Actually, when it comes to money destruction, I'm mostly railing against Bernanke. He's a complete disaster. The literally worst Fed Reserve Chairman we've ever had. Also, I didn't pick the timeframe. What you see there is Fed data. It's what you find when you go to their website. They picked the base year and they assembled the data. I haven't manipulated it in any way. I'm just showing you the Fed's own facts to prove that the value of the dollar has been destroyed steadily since 2002. It has been Bernanke's policy to deliberately destroy the value of the dollar in a bid to keep the zombie economy going just a tad bit longer. Longer term this is extremely destructive to our standard of living in this country. Bernanke has got to go. And since Obama loves him, we won't be able to get rid of the bastard Bernanke until Obama goes. Our economy is going to be a subpar economy for as long as Bernanke is in power. Do you want to know the extent of the dereliction of duty that Bernanke is responsible for? Listen to Mr Black testify below. He's the regulator who steered us through the S&L crisis, which was stunningly similar to what we just experienced in substance if not in size. Back then hundreds of billions of dollars was a lot of money. Now we talk in terms of trillions. I'm sure 30 years from now we'll talk in terms of tens of trillions. Here's Bill Black's opinion on what Bernanke and the Fed should have done to reign in the rampant fraud that directly caused and continues to cause the banking malaise: youtube.com What Black thinks of OWS: youtube.com