While giving his semi-annual “Humphrey-Hawkins” economic testimony to
the Senate on February 26th, “Helicopter Ben” Bernanke
made the most OUTRAGEOUS statement of his seven-year FAILED experiment as Federal
Reserve Chairman.
It’s awe-inspiring
to see the three key “tools” of his administration; MONEY PRINTING, MARKET
MANIPULATION, and PROPAGANDA – summarized in a single headline. However, what really shocked me was his belief
inflation has been subdued…
Bernanke Admits QE Distorts
Markets, Brags of ‘Best‘
Inflation Record
as Fed Chairman
Frankly, I’m too DISGUSTEDto waste “digital
airspace” refuting the “DELUSIONS OF A FED CHAIRMAN” with words. Thus, I’ll do
so with pictures;
LOTS of them – starting with not only the 9% annual inflation John Williams
(of Shadowstats)
calculates since Bennie took office in February 2006, but the government’s
own estimate of 2.5%…
Here’s what the COMPOUNDED impact of 2.5% and 9% inflation rates over seven years looks
like. Assuming Williams is correct, consumer prices have doubled since Bennie’s
helicopters were launched. And even if the government CPI is correct (ROFLMAO), overall
consumer prices have still risen 22% under his watch…
Of course, REAL WORLD data decidedly
supports Williams; as essentially EVERYTHING the government
publishes is a LIE. Here are electricity prices, up 16% – and I’m JUST
GETTING STARTED…
Here are college tuition costs, up 24% (as opposed to earnings thereafter, down
11%)…
Here are medical costs, up a whopping 70%…
…food
prices, up 78%…
…and gasoline
prices, up 71%…
…as I write;
at their HIGHEST-EVER level at this time of year…
And don’t forget those pesky things called commodities; whose upward ERUPTIONcoincided
PRECISELY with Bernanke taking office…
Not to mention, the TWO MOST MANIPULATED MARKETS ON EARTH; which,
despite the most MASSIVE suppression operations in financial history, have
more than tripled
since February 2006…
…and are JUST GETTING STARTED…
In his defense, we did have a housing COLLAPSE under his expert
tutelage…
…but don’t worry, he knows EXACTLY what he’s doing…
Fed’s Bernanke: Subprime
Mortgage Problems Contained –
May 2007
…as he’s proven over and
over again…
Bernanke sees ‘green shoots‘ of US recovery – March 2009
Read
the Monday Afternoon Wrap-Up for 2/4/2013 and the Tuesday Morning Commentary
for 2/5/2013
