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alstry (36.57)

Is Bernanke The Economic Bin Laden?

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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.

Billions To Bail Out Bankers But Unions Get Bent Over
Who Do Our Elected Officials Represent As Wall Street Outsources America And College Students Face Terrible Job Prospects?
China Fighting Inflation
The World Is Getting Concerned As Food And Fuel Prices Skyrocket And Wages Decline
Kraft-Expect More Price Increases In The Future
When Will The Fed Acknowledge Inflation-When Americans Are Starving Like Many Around The World?
Mortgage Rates Break 5%
When Homes Were Priced Half Current Values-5% Was Low-But With Wages Falling And Everything Else Rising, 5% Will Be A Strong Headwind
IMF Calls For A Dollar Alternative
This Could Be Very Convulsive For A Nation That Prints Trillions
Counties Turning Asphalt Back Into Gravel Due To Rising Material Costs
But The Fed Says There Is  No Inflation
Retired Greeks Pushed To Breadlines By Crisis

4 Comments – Post Your Own

#1) On February 10, 2011 at 9:09 PM, alstry (36.57) wrote:

Food and Fuel Inflation against a DECLINING jobs/income environment=DEATH and STARVATION......

unless of course you restructure radically and move into the Digital Age.....

how do you think Alstry knew this was all coming.....it was a mathematical certainty based on Bernanke Zombution policies....

and why I started www.udderworld.com to document the transition from the Industrial Age to the Digital Age and supplement Motley Fools industrial age analysis

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#2) On February 11, 2011 at 2:44 AM, DarthMaul09 (29.86) wrote:

No he's more like Mao.

By far the greatest loss of life during Mao's regime stemmed from the deadly spring famines (1959–1961) of the Great Leap Forward. Unlike the Ukrainian famines in the early 1930s, which Stalin had planned to crush as anti-Russian nationalism, the famine of 1959 resulted from the misguided economic policies of the Great Leap Forward. However, once it became clear that the Great Leap Forward had not only failed to produce the promised economic miracles but also led to serious economic disruptions, Chairman Mao refused to change course because he feared a loss of face, if not his preeminent position. The acrimonious debates about economic reform in 1959 convinced Mao that alleged rightists in the party wanted to replace him. After crushing his supposed enemies, Mao relaunched the Great Leap Forward in late 1959; it collapsed on its own a year later. Due to lack of direct evidence, the number of famine victims can only be calculated on the basis of incomplete demographic data. Most historians agree that excess deaths (the difference between projected and actual demographic data) total at least 20 million (with more than two-thirds of these deaths occurring in 1960 alone); high estimates stand at 65 million (in 1957 China's population was 646 million).

http://www.enotes.com/genocide-encyclopedia/mao-zedong

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#3) On February 11, 2011 at 2:53 AM, bluemoth (51.63) wrote:

"When Will The Fed Acknowledge Inflation-When Americans Are Starving Like Many Around The World?"  

???????  

Battling Obesity in America190 Million Americans are Obese or Overweight. Childhood Obesity has Tripled in the last 30 Years   

from:

(CBS)  In its "Where America Stands" series, CBS News is looking at a broad spectrum of issues facing this country in the new decade. 

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#4) On February 11, 2011 at 1:26 PM, jesusfreakinco (29.02) wrote:

Yes. 

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