What the ‘Fed’ is really up to…
Time’s Person of the Year Drives the Crisis Spiral
by Claus Vogt 12-23-09 | Money & Markets website | Link to original article here>
Fed President Ben Bernanke has been named Time magazine’s Person of the Year for 2009. However, in looking back at former People of the Year it becomes crystal clear that this title doesn’t necessarily mean that the honored person has done something good for the world …
It only meant that he or she had made a big influence on the course of history during the preceding year. Some have brought us blessings, while others have brought plagues.
And this year it surely seems that Time’s journalists think of Bernanke as a blessing for the world.
Well, I have to strongly disagree …
It didn’t work in Zimbabwe, and it won’t work in the US
It’s really surprising how acclaimed a monetary politician can become nowadays by doing just one thing: Printing money like there’s no tomorrow . . .
. . . It’s hard to believe, but mainstream economists do not even raise the obvious question about what caused this huge bubble. They don’t seem to be interested in truth and cognizance.
That’s very sad … because the answer to this question gives us very important insights into what I call the “Crisis Spiral” or the “Inflation Trap.” And it’s theoretically well founded and empirically well documented by financial history. Here it is:
The necessary condition for the development of speculative bubbles is superabundant money and credit growth.
Of course you know who is ultimately responsible for money and credit growth: The central bank, that is Mr. Bernanke himself.
After all, the central bank laid the necessary groundwork for this huge bubble to develop. Hence, the central bank is also responsible for the devastating outcome of the unavoidable bursting of this bubble.
A blessing or the plague? Bernanke Is Not
The Savior of the World …There is no doubt in my mind that Bernanke — along with his predecessor Alan Greenspan — are the most notable creators of the Great Recession. And Bernanke is not the savior of the world as Time wants you to believe. In fact, he’s the opposite!
When Greenspan implemented the very same policy as Bernanke does now, the latter was already a Fed governor strongly supporting Greenspan. I used to call this policy “the great experiment of Dr. Greenspan” and forecasted the horrible outcome we have witnessed now.
Today, Bernanke is in the driver seat. And he’s doing the very same things as his predecessor, but even more so.
The politically correct answer to a crisis stemming from easy money is — more, much more, easy money. Therefore, it stands to reason that the outcome of this even grander experiment will be much worse.
My Comment: Firstly please understand that the FED (US Federal Reserve) is NOT a part of the USA Goverment structure — though it acts as though it is and most Americans think it is! — The Federal Reserve is a private organisation with unbelievable power and resources (and it has been since the 1930’s) — and it has a strategy of its own. It is one of the instruments being used to ‘Socially Engineer’ the whole world into a One World System — especially the USA.
I am afraid that the predictions of the writer of this article will very soon come very horribly true. America will soon see some unbelievable changes in every level of its society… and not for the good!
But ‘fear not’ the Bible is very clear of the dangerous times we live in and the outcome. Jesus said: ‘When you see these things coming to pass — lift up your heads for your redemption draws near” — He was, of course, speaking to His own disciples (those who truly belong to Him)
If you do, then you have every reason to rejoice — Jesus is coming soon!
If you do not know Jesus as Lord and Saviour then now is the time to do the most important thing in your entire life: Trust Him personally NOW!
Jesus said: “Ask and it will be given to you; seek and you will find; knock and it will be opened to you. For everyone who asks receives, and he who seeks finds, and to him who knocks it will be opened. (Luke 11:9-10) — No one can possibily miss an encounter with Jesus unless they refuse to seek, knock and ask God to reveal the truth to them.
Start now! There are resource links on this blog that will explain everything simply and clearly — if you really want to know the truth.
If you have not committed your life to Christ do it now… more info here>