When Ronald Reagan became President of the United States some people were
surprised that an actor could reach such a high level of government service. Do
you think maybe it could work in reverse and that these two in government
"service", Ben Bernanke and Timothy Geithner, could make it in the
acting business? They certainly have had some on the job training and I guess
you could say their ongoing screen tests have passed with flying colors.
Most recently, Geithner stated, "It is very important for people to
understand that the United States of America and no country around the world
can devalue their way to prosperity, to (be) competitive" and "It
is not a viable strategy and we will not engage in it." His ability to
voice these words with a straight face, admittedly, was most impressive yet
the fact that the Federal Reserve has been employing this strategy for the
past 97 years with the American people remaining oblivious, take a little
away from his performance. Apparently Americans believe professional
wrestling is the real deal also. Yet Geithner has every reason to remain
optimistic because if the American people ever wise up Geithner's performance
before Chinese college students should still give him hope. When Geithner
proclaimed in a speech to Chinese university students that the US believes in
a strong dollar policy they literally laughed him off the stage which bodes
well for Geithner's possibilities as a comedic actor. He could easily be the
next Steve Martin or John Candy. Maybe even Abbott & Costello as Bernanke
has shown outstanding ability as a straight man.
Bernanke plays the worried public servant, stressing out over deflation
while at the same time tripling the money supply over a few years. He keeps a
cool front over the pent-up hyperinflation he has been instrumental in
achieving. This is because he knows it will not happen yet because the latest
$2.5 trillion in deficit spending and $600 billion in quantitative easing
(monetization) that he has created has gone straight into the pockets of his
crony bankster masters. He knows they will withhold from unleashing their
booty until Ben and Timmy have completed their task of complete destruction
of the US economic landscape so his masters can be assured of rock bottom
prices when they open their wallets.
Hollywood readies itself for the final screen test; when Ben reacts to the
complete and utter breakdown of the economy. The line: "Gee, I didn't
think that would happen." Followed by: "I printed way more money
than that guy in the 30's depression did." If he isn't lynched, which
gauging by the intellect of the average American he will not be; then he's on
his way to Hollywood! I would lean toward their success in the comedy field,
however, because Geithner, being a quick study, already has it so nailed that
in his screen test he merely has to utter the words "strong dollar"
in just about any skit you can come up with to be a shoo-in for howling laughter.
Just don't ask any tough questions about how printing unlimited amounts of
money and lowering interest rates to sharply negative real rates have
anything to do with a strong currency. They will probably be judged by the
movie studios on how surprised and perplexed they are that the economy
imploded. Geithner: But how did that happen?
The best part: their bankster friends will have all the money left on the
planet to fund a ten movie package where Bernanke (the straight man) feeds
Geithner the set up to the punch line: A strong dollar! AAHAAHAAHAAHAA!!
While the films never catch on in America, the Chinese think they're a howl -
something like the Frenchmen's admiration for Jerry Lewis.
In truth it is truly difficult to judge their acting ability because the
American public is so gullible and uneducated on economic and money matters
that it is like trying to judge if you are a great actor while you have
convinced a three year old that there really is a Santa. Just look at how the
media and Wall Street react to the tragic economies of Greece and now
Ireland. Just when it is lights out for the dollar suddenly Ireland implodes
which again is jumped on by the media as everyone pulls their funding, which
in turn blows up the Euro (as it would any country in the Euro as they're all
massively leveraged) so that the dollar holds on in relative terms. This
cycle will repeat until one by one each country in the Euro blows or
threatens to blow just as the dollar is again ready to plummet. The morons on
CNBC think it's just another coincidence. .....And by the way QE1 never ended
and the banks don't need a $600 billion stimulus package to buy bonds that no
one else will buy. They already had the power to borrow unlimited amounts of
paper into existence for this purpose for over a decade.
On the other hand maybe Bernanke and Geithner don't believe they're
actually doing anything wrong. They must feel that with such a stooge for an
audience it certainly could not be wrong to remove as much money as humanly
possible from them for educational purposes.
