In 2005-2006, he refused to admited (or didn’t figure out) there was a housing bubble. In 2010, when he lowered the rate to ZERO percent and printed 2 trillions paper for banks… Now, ” Bernanke: No asset bubbles apparent in U.S. ” (Dec. 02 2009). Another 4 years for him? NO WAY!!!
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html
“Ben S. Bernanke does not think the national housing boom is a bubble that is about to burst, he indicated to Congress last week, just a few days before President Bush nominated him to become the next chairman of the Federal Reserve. ”
This guy isn’t stupid. He’s protecting the people who tell him what to do. He’s just saying this sort of stuff to funnel people back into the market and give them confidence that everything is ok. In the end, he and his bank fleece the people of everything.
Ben says: “we’ve got demographics ..uhh…supporting housing growth” (wtf does that mean?) and “we’ve got a growing economy” – he’s going on live TV and lying right to everyone’s face…like he’s rubbing it in that these bankers are getting away with the biggest robbery in history. END THE FED NOW! Why can’t we get this issue put on the ballot?
