Home > The case against Bernanke
The case against Bernanke
By Stephen Roach
August 25 2009 16:02 | Last updated: August 25 2009 16:02
Barack Obama has rendered one of his most important post-crisis verdicts: Ben Bernanke will be nominated for a second term as chairman of the Federal Reserve. This is a very shortsighted decision. While America’s head central banker deserves credit for being creative and courageous in orchestrating an unusually aggressive monetary easing programme, it is important to remember that his pre-crisis actions played an equally critical role in setting the stage for the most wrenching recession since the 1930s. It is as if a doctor guilty of malpractice is being given credit for inventing a miracle cure. Maybe the patient needs a new doctor.
Continue to read:
http://www.ft.com/cms/s/0/a2ba2378-9186-11de-879d-00144feabdc0.html
Forum posts
29 August 2009, 07:31, by Amerikagulag
"...This is a very shortsighted decision....."
I guess you could say that if you still believe the government is actually interested in creating an economy based on value. But this economy is based on debt and will continue to reward the financial elite for fraud and robbery. Crime rewards crime and Washington DC is just one big crime syndicate. So Obama’s decision was predictable because the financial elite have instructed him that Bernake will continue in the position. Obama really has nothing to say about the matter. He will do what he’s told to do by the zionistas..