After Wednesday's House Finance Committee hearing with Fed Chair Ben Bernanke, it appears the head of the the committee is a treasonous piece of trash that thinks this private banking thug is someone to be lauded over.
House Finance Chair Barney Frank was quoted as saying, "If the Federal Reserve Board, before [Bernanke] became chair, had promulgated the rules [Bernanke] promulgated on Monday, I do not think we'd be in as dire a situation." What the hell does that mean? That if before this filth was nominated by Bush that we'd have stopped issuing credit and capital out of thin air, and we'd be better off? Well, in that case, Frank is right. The problem is Bernanke has continued this suicidal practice like a top-level dealer wielding crack.
The fact is Bernanke has made a living the past two years of bailing out criminal bankers. Each time another predatory bank bottoms up because the yuppie idiots they financed can't pay their mortgages, here comes the Fed to issue help. The retarded public thinks this is great. Probably because the piece of filth MSM tells them it is. The mainline b.s. is that we need to bail out these criminals in order to maintain economic order. Of course, any legitimate financial forecaster will tell you it's time to cleanse the system.
http://www.theinternationalforecaster.com/
Now, anyone with half a brain (which is probably 25% of Americans at best) knows that all of this "bailing out" and endless open line of credit is causing extreme inflation and massive devaluation of the dollar. Barney Frank doesn't care, but what did the member of the Committee who actually does care and has a clue say?
Well, let's take a look at some comments from Congressman Ron Paul.
"Inflation is tax. And if the Federal Reserve, and you as chairman, have the authority to increase the money supply arbitrarily, you're probably the biggest taxer in the country."
As for the continual bailing out of these criminal banks, Dr. Paul told the crook Bernanke, "Every time we've had a crisis we have sort of arrested that crisis by more inflation, exactly what we're doing now. But ultimately, people pay for it in higher prices."
Of course, there are two schools here. The first is the contingent of Republicans, Democrats, Libertarians, Independents, et al., who have rallied behind Dr. Paul for the past year. Party-line b.s. aside, he's right on just about everything he says, and his historic presidential campaign fundraising and non-partisan support has proven it. On the other hand, there are the moronic mainline liberals and conservatives who think the Federal Reserve is good, and that they will save us. Time has run out to try and convince these fools. Let them be the ones who are tasered by goon police because they are protesting the fact that the FDIC won't bone up with their "guaranteed" $100,000.
As for Barney Frank, let's not forget his under-age male prostitute ring in the late 80s. The guy is fake and a sick individual. Although, I'd take that 1000x's over his curious bedfellowing with a piece of garbage like Ben Bernanke.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment