Ben Bernanke Props Up Wall Street
Few people, outside of the Wall Street insiders, really know who Ben Bernanke is. The fact that he can arbitraily dictate the numbers of the stock exchange might be frightening to many people if they really thought about it. What is coming to light about Ben Bernanke is being posted online. According to online sources, Ben Bernanke in a paper that he wrote with Alan Blinder said that the Fed should arbitraily set an inflation number to make as a target to aim for. Once that arbitrary inflation number was reached by, at least, 2, the Fed should start buying huge amounts of medium-term bonds.
According to Bernanke and Blinder the 2 closing in on the targeted inflation rate could never happen since the Fed would be propping up wall street by buying huge amounts of medium-term bonds. The sheer insanity of using federal money to cover up the disasterous state of wall street was given a preposterous impressive name that of quantitative easing.
Seems that Bernanke and Blinder were part of the scam using helicopters to imitate the attack of the Martians and his quantitative easing was actually taking a quantum leap into taxpayers money. What is ludicrous is the notion that Ben Bernanke is propping up wall street. The taxpayers of the United States are propping up Wall Street and the deplorable economic conditions that now exist will need a quantum leap of Bernanke into Superman.
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