How we got into this Financial Mess

Ron Paul is trying to get the FED to be audited, but of course the powers at be are resisting, ostensibly to keep the FED independent.  But, independent sounds a lot like unaccountable.  Audit the FED.

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This video provides an interesting and entertaining perspective on our financial history. Most people do not really know what is going on in the world of finance, and his video to illuminate people as to the real history and present-day reality.

The fact is that the FED is a private and shadowy organization that operates almost entirely beyond the spotlight of public knowledge. Such an important organization, with little accountability, should not be in charge of our money supply.

I think it has become quite clear that our society is swimming in debt. For a few years was very nice to take out and spend the loans, but now all the bills are coming due, and people cannot pay. Thus, one of the main reasons why we’re in the mess we’re in.

I think the message that we should all take from this is that we cannot trust authorities, and we have to be our own advocates. Too many people got into debt slavery, because they trusted the media, our leaders and the experts who all said that debt is not a problem. Well it is.

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Don Harrold has some good comments on the banking industry and how they set it up.

Mish Shedlock has something shocking below.  I used to like to read The Atlantic, but now they have sold out.

Atlantic Magazine Cover Proclaims Ben Bernanke “THE HERO”

If you are looking for the most nauseating cover possible on Ben Bernanke, please consider the April 2012 issue of the Atlantic.

The cover asks the question “Ben Bernanke saved the global economy. So why does everyone hate him?”

For starters Ben Bernanke did not save the global economy. Making such a proclamation is like a football fans proclaiming victory at the end of the third quarter with the score 54-24 following a 24 point rally after being down 54-0.

Simply put, it is far too early to make a presumption the Fed “saved” anything given the global economy remains hugely imbalanced and highly vulnerable.

Furthermore, we can state without a doubt Bernanke is Inflationist Jackass, Devoid of Common Sense, and Clueless About Trade, Debt, History, and Gold.

Even if the game was over, why should any credit be given when we can say without a doubt the Fed caused the global economic crisis in the first place?

Once again I repeat ….

Bernanke: Why are we still listening to this guy?

The following video should make people think twice about listening to anything that Chairmen of the Fed Ben Bernanke says. It’s a compilation of statements he made from 2005-2007 that will have your head spinning.

Please play that video. Bernanke proves over and over again he is a clueless jackass, devoid of common sense.

Proving that he cannot think clearly, Roger Lowenstein, writer for the Atlantic says “The visceral criticism of Bernanke is hard to fathom.” Really?

Lowenstein concludes with “history may marvel that Bernanke has been a success”.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

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