The fall of the US Dollar = The Bernanke-Tax on US Citizens.
When Dr, Chairman Bernanke, PhD gives free money to the Banks, the Banks know what to do. First they pay themselves bonuses. Then they gamble on the stock market. Then, finally, they give a few loans, at 20% interest, with money that Lord Bernanke gave them for free. But wait, it gets better. Lord Bernanke now has to order the treasury to print money as the Banks exchange the Bernanke-Bucks for dollars. So the Treasury prints.
The upshot of all of this is a very happy Banking Guild. GoldmanSachs and JPMorgan are very happy. Obama is also happy because all this money sloshing around is re-inflating the housing bubble, the stock bubble, the Oil price bubble, -which makes all the people feel good since most Americans own stocks and houses. But not all.
The poorest Americans have to pay more as they buy food and energy, which now costs more. But how come the 'inflation figures' are so low?
Yes, as you suspected, the Government excludes these pesky food and energy prices when computing inflation. Inflation is based on the memory on a Chinese made IPad. If you have more memory than you had before, thats deflation, darn it? You can live off your IPad, what do you need food and Energy for, ... says the Government. So Lord Bernanke and Obama can actually prove that all this money is causing deflation.
But for the poorest in the USA, food and energy (car, heating) are all they can afford. And they are paying a Tax imposed by Lord Bernanke. Somewhere in the US Consitution it probably says that only the elected government can impose a Tax on the US Citizens. Lord Bernanke and his FED are not elected. They are selected, by the Banks, and approved by Obama (or whoever is in charge). Its a small circle. Much like the Oscars. No one really knows how Bernanke gets to be in charge, but one thing is for sure, -the US Citizens who are paying the Bernanke-Tax cannot kick him, sorry I mean vote him out.
Dr. Bernanke is so UN-inteligent that he claimed there was no housing bubble, based on his study of the great depression... until it Popped in his face. Then he started printing money to save the Banks and house-flippers. Could anyone else have done worse. I mean, you couldn't be more UN-intelligent than to miss the housing bubble, when thats what you get paid to study full time?
The bigger question is, how did such an intellectual get re-appointed? Why does he have the power to print money and impose taxes? Well, its because he knows how to sneak in a Tax to bail out the Banks! Even Congress cannot do that, or get rid of Bernanke and the FED.
