Big Trouble for Ben Bernank?
Ben Bernanke is in trouble. Big trouble. Bigger trouble than any Federal Reserve Chairman has ever been in.
There is a cartoon video all over the Web that discusses “quantitative easing.” It is a riot. This is very, very bad for Bernanke. When the public starts laughing at a senior government bureaucrat, he is in trouble. You can view the video here.
I will assume from this point on that you watched it.
The video was produced free of charge on a creative Website, www.Xtranormal.com. The site provides very simple cartoon images. You select from 28 different combinations of talking creatures. You type in a script. The site’s software creates the cartoon. You have just seen an example.
The site claims that over nine million of these have been created so far. That is mind-boggling. That is an enormous amount of videos. There are millions of people out there who want to have some fun with scripts. The site has been online since March 2007. I have only recently begun to see cartoons created with the software.
The video gets to the point: Bernanke is an inflationist. It also makes the point that Goldman Sachs gets rich from its relationship with the FED. When a video makes this connection, the FED is in trouble, because Goldman Sachs has a bad press. It is not merely guilt by association. It is more like “unindicted co-conspirator.”
The phrase “quantitative easing” was coined – the appropriate passive verb – by a British economist, Richard Werner, back in 1994. It has taken that long for central banks to substitute it for “inflation.”
And now… the rest of the story. …..
Harold
