Ben Bernanke: Staying afloat or floundering around?


Federal reserve chairman Ben Bernanke continues to float his raft of economic strategies upon a wad of fake money. His song and dance has provided us with no real relief. Someone at some point must have convinced him that lowering interest rates is fun and exciting. He believed those lies and now it's his hobby. Has it provided any positive benefit of any real consequence in terms of the long term picture? I think not.

Today and tomorrow, the Federal Reserve Chairman shall be addressing congress. He's expected to tell them about how he has our economy under control. The fact is that it's near completely out of his hands. The one possible exception is that he's handily turned our dollars into wads of toilet paper. His major concern seems to be avoiding recession, which is an admirable goal, but someone forgot to wake the dear man to tell him recession is already here, aided by the fake dollars Bernanke keeps spewing upon the ground.

Once again I'll tell you that Bernanke has gone the exact opposite direction he should have gone. This country needs to be slammed into an economic wall in the form of increased interest rates. The ivory pillars of commercial banking need to be torn loose from their soft leather chairs and should be made to account for what they've done wrong. No federal bailouts, no loosening of money policy, no increase of government underwritten jobs is going to right this ship. We need a cold hard slap in the face. People need to stop living on money they don't have and won't get, plain and simple.

In the near term, credit financing must be harder to get, we're looking at that right now. In the long term, recession shall naturally curb inflation, giving us time to thread the needle again. In my opinion, Ben Bernanke currently should be revaluing the dollar, making it something the world wishes to look at again. Our Federal Reserve Chairman is flying in the face of good sense while waving butt wipe dollars he's printing himself. In his efforts to preserve his big banking friends, he's taken both our treasury and our citizens and thrown them to the stinking dogs.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-123.7812,766.68
NASDAQ-18.732,908.50
S&P 500-10.491,341.46

Last updated: February 10, 2012: 11:41 AM

Hot Stocks

General Electric

18.825-0.305(-1.59)

Alcoa

10.34-0.30(-2.82)

Apple Inc

496.23+3.06(+0.62)

Google Inc 'A'

607.07-4.39(-0.72)

Bank of America

8.085-0.095(-1.16)

Wal-Mart Stores

61.42-0.54(-0.87)

Exxon Mobil Corp

83.64-1.24(-1.46)

Ford

12.475-0.215(-1.69)

Citigroup

32.96-0.70(-2.08)

IBM

191.61-1.52(-0.79)

Yahoo

16.27+0.27(+1.69)

Starbucks

48.665-0.535(-1.09)

Microsoft

30.62-0.15(-0.49)

Home Depot

45.15-0.12(-0.27)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1328892075713 ms.