This video should make people think twice about listening to anything that Chairmen of the Fed Ben Bernanke says. It’s a compilation of statements he’s made from 2005-2007 that will have you 100% certain America is doomed if we continue to value what this moron says.
Is he an idiot or is he wilfully obtuse? Goldman Sachs and JP Morgan have done alright by Uncle Ben. I think he knows exactly what he’s doing – leech main street dry and give it all to his wall street buddies. Just like Bush’s administration were full of people that were invested in oil, defence and construction - and hence profited from the Iraq war, Obama’s administration is full of wall street people – who have profited from the cheap fed money and the bailouts.
Below is a really short video from Karl Denninger, which he originally produced early in October, just as we were preparing the huge bailout that Paulson and Bernanke were forcing on us. Takes less than 2 minutes and you will learn alot.
Sold Out By Our Own People
So the entire original bailout was never intended to go to US companies. Hundreds of billions of dollars – all of it to bailout foreign investors.