Is Bernanke The Economic Bin Laden?
February 10, 2011
– Comments (4)
He is flooding the world with money driving up Food prices to record highs.....
He bailed out Wall Street that is now cutting American salaries, outsourcing American jobs, and taking some of our most advanced technolgoy overseas.
Skyrocketing Food Prices and Crashing Wages are driving social unrest around the world.
Whether you order an an airplane to fly in a building, stick people in a gas chamber, or starve them to death with your policies.....in the end, aren't you a murderer?......even if it is negligent homicide becuase you NEVER studied Alstrynomics.
If you did, you would have known that the Digital Age is reducing the need for labor....thus, throwing money trying to increase jobs would do little for the structural problem and would only increase food prices and take money away from all other areas of the economy destroying even more jobs, crashing revenues and incomes.
The debt must be restructured or people will die. Remember, when I was blogging about this a few years ago.
In other words, it is Benny B's QE2 that is driving up food prices and destroying the jobs he is trying to create by concentrating spending in Food and Fuel and taking away spending from where people have jobs. This process is what I called Concentric Contraction. For a guy that scored almost 1600 on his SATs, you would think he would know this.......and for his benefit, let's assume he doesn't.
But regardless of his intent, if this policy doesn't end soon....it will not be long before rioting comes to America as more and more go hungry.
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Fool UK