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Thomas Blankenhorn
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Fourteen years as a stock trader, devised a new stock market system that is fair, highly stable, and not like the musical chair game we have now (sent to the SEC, members of Congress, and others since 2010), devised a modified proxy vote system to enable the many small shareholders a greater... More
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  • True Intentions Of Bernanke Exposed 0 comments
    Jul 14, 2013 11:14 AM

    Absolutely none of this QE was designed to do anything but manipulate up the stock market, thus hurting short-sellers, bringing in retail buyers paying 2X too much as PE ratios for the market made sense in 2009 as they always tend to be around 8 in bad times, not 16, and so he is making this bubble just like Greenspan started the housing bubble yet Bernanke was too ignorant to put a stop to it. For those who pay close attention to the economy, they see the economy worsened and with increased debts over the past four years - so really, how could anyone justify a 130% increase in the stock market, REALLY?! The fall-out is IMMENSE! Millions of people who depended on bank interest no longer get any, the real inflation includes food and energy - perhaps Bernanke and the top officials in government get their transportation for free along with a huge stipend to have their food for free but the rest of us actually have to PAY for our fuel and energy thus the real inflation rate is 8%. When you consider proper accounting for the GDP growth rate that should contain the federal deficit and the population inflation, it is NEGATIVE 10%, even now. The employment did not get better, in fact because of globalization, excessive immigrants here, business efficiencies, we cannot fix it with monetary policies anyway, thus the original mandate for maximum employment cannot be accomplished through the Fed. he biggest losers are those who short-sell the manipulated market based on solid economic basis-this group deserves compensation as the outright stock market manipulation was devastating to them - manipulating the stock market is no cure for fixing the ailing economy that is in a masked depression, besides it is UNLAWFUL to do! The other major fall-out is the wealth divide that was a big result of the stock market manipulation wherein the wealthy investors are buying up the overpriced properties as it doesn't matter how much they pay being they have so much and then the rest of the population will be facing a third-world type of economy where they would practically be unable ever to buy a home and be financially oppressed via high rents. All in all, Bernanke demonstrated incredible foolishness. He never should have conduced this ineffective yet economically destructive QE in the first place and definitely should not have continued late in 2010 but of course he was more concerned about the stock market than the economy. It is obvious to all - every time the stock market plunged and rightfully so being it was overpriced, Bernanke would come to the rescue to save the wealthiest from losing their money but his attitude to the lower 95% was to hell with them. We do not need Bernanke to continue more in his outrageously ridiculous monetary programs and we do not need anyone else at the Fed to do anything similar. It's long overdue that the public makes themselves heard loud and clear to out government officials to end this private banking charade once and for all. Get on it everyone, that is if you really care to save our country, something Bernanke NEVER had intention of doing -he lied and lied. The word "stimulus" was propaganda and it stuck with the reporters but you must define it and label it as what it really is. Good luck, you will need it!

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