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"Helicopter" Ben Shalom Bernanke of Federal Reserve Banks
bullnotbull.com — With the private Federal Reserve banks currently dumping trillions of fiat dollars into the American economy with no oversight from Congress, this image of Fed Chairman, "helicopter" Ben Shalom Bernanke, comes to true life. For more info google "helicopter ben."
Acrinimiril- 41 diggs
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- Acrinimiril, on 10/10/2008, -0/+5This image, along with original content is hosted here;
http://www.bullnotbull.com/gallery/g-helicopter-be ... - PutinsCadre, on 10/10/2008, -3/+1This situation is very similar to the Great Depression. During the Great Depression, however, the Fed aggressively contracted the money supply, causing huge unemployment, but fighting inflation so money was still worth something by the end of it. Today the Fed is taking the opposite approach and expanding the money supply with no restraint or consideration of the consequences, not by just lowing interest rates but also via the various bailouts. It may prevent out of control unemployment but the money you are going to be paid with will end up being worth nothing, so in the end everybody suffers, not just the unemployed. Something has to be done. We have to take charge of the money supply and nationalize the central bank.
Down with the Federal Reserve! - nickstang, on 10/10/2008, -0/+3In 2002, when the word "deflation" began appearing in the business news, Bernanke gave a speech about deflation.[13] In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money. Control of the means of production for money implies that the government can always avoid deflation by simply issuing more money. (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press". In a footnote to his speech, Bernanke noted that "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation."[13]
http://209.85.173.104/search?q=cache:ld4OUOM05QYJ: ... - Acrinimiril, on 10/10/2008, -0/+6"In the last three years, our government, through the Federal Reserve and our banking system, created four trillion dollars of new money. That is one of the main reasons why we have this high cost of energy and four dollars a gallon gasoline." - Ron Paul, June 26, 2008
http://www.youtube.com/watch?v=7354M1QmGYQ - marcabminion, on 10/10/2008, -0/+1It must be a while ago... 100$ notes don't cut it anymore.
- Acrinimiril, on 10/10/2008, -0/+2I wonder when we will start using $1000 bills in our wallets?
- tomjeff09, on 10/11/2008, -0/+3Stock up on precious metals. Lead being the primary one you choose.
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