J. S. Kim

Bernanke Being Rewarded for Failure

Rewarding Bernanke for failure only makes sense after rewarding all of Wall Street and big banks for failure. We wouldn't want to break the pattern now would we? (sarcasm noted) Now that the Fed, under Bernanke's wach, has begun monetizing US Treasury debt surreptitiously, and is attempting to cover their tracks through a possible Agencies for Treasuries swap program, I agree with Mr. Schiff that things will likely implode under Bernanke's watch unless he resigns.

According to Chris Martenson, the debt monetization, inflationary creating money-out-of-thin air game, may be accomplished with the following mechanism -

#1: Foreign central banks sell agency debt out of the custody account.

#2: The Federal Reserve buys those agency bonds with money created out of thin air.

#3: Foreign central banks use that very same money to buy Treasuries at the next government auction.

The time was ripe to boot Helicopter Ben out of his position but Ben can only hope now that he can replicate Greenspan's model of pushing things to the brink of disaster until he can get out of dodge and then blame the "free markets" for the disaster when it unfolds and he's safely retired somewhere, receiving his kickbacks and handouts in retirement from the financial oligarchs he bailed out.

It's time to audit and shutdown the Federal Reserve and Helicopter Ben before Ben shuts down America.
www.endfinancialfraud.org

Pleasant Surprises This Earnings Season Will Lead to Unpleasant Future Surprises

thanks for everyone's comments. I do believe that Central Banks have cemented a disastrous path for us in the coming years but I don't believe that we are helpless to change the outcome. It's fast approaching the point of no return but the people can still unite and fight back. Change will have to come from the people and not from the government or the financial oligarchs. The financial oligarchs of this world have already taken over most world governments. Just research the close relationships between JP Morgan and Goldman Sachs with the US Treasury, the US Federal Reserve, and the Bank of England. It's been a revolving door for years among these entities.

Actually I don't think that this is an option but a necessity for those of us that care about the future, but this is a story for another day that I will soon address as well.

Pleasant Surprises This Earnings Season Will Lead to Unpleasant Future Surprises

A very quick comment in response to wpdragon. I only extol the virtues of gold not because I truly believe that the monetary system we currently employ is not only unsound but also fraudulent. Thus I truly believe that gold as a currency with zero counterparty risk is the only true currency among the lot of fiat currencies and that every steep brief correction we receive, including the current one, is a buying opportunity for those that have remained unconvinced about the merits of holding gold.

I have been extolling the merits of gold since 2006, with some of the gold investments I advocated back then well over 200% profits now, so my comments regarding gold are not jump -on-the-bandwagon opportunism. In fact, my belief in sound money is so strong that I have even adopted a gold standard for my business which you can read about here.

www.smartknowledgeu.co...

I believe that more and more businesses will adopt the same gold standard as I in the future as this monetary crisis deepens.

I truly do believe wpdragon, that gold is one of the most conservative investments anyone could own right now. It is my belief that this monetary crisis will become much worse than anyone anticipates at this point. When it does, though there will be other assets and not just gold that will soar at this point, I believe that those who hold gold or who have held gold for many years, adding on every correction, will be very glad they have done so.

Pleasant Surprises This Earnings Season Will Lead to Unpleasant Future Surprises

Ah, sorry about a few tiny typos in my above article. I wrote this article in the very very early morning hours today so was not absolutely alert when editing before posting. If typos annoy you, feel free to read the corrected version, typo free, here on my blog
www.theundergroundinve.../