Bernanke IMO has tried. He indeed has kept the USA breathing and hasn't made the globe collapse - and that's a good thing.
Unfortunately we appear to be on life support and we are out of options, so we are just going on and hoping.
Look at what Bernanke has recently told us.
We don't have a plan - we just respond to conditions - hmmm, good to hear the truth, but pretty frightening.
Bernanke says people buy gold when they have fear, when they expect extreme events etc. - hmmm, well central bankers all over the globe are the biggest buyers and holders - you don't have to be Einstein then to work out that if Bernanke is correct then central bankers are shaking in their boots. He also says people buy it to safeguard from inflation - but the gold price isn't a good predictor of inflation - ? - so, does this mean central banks expected inflation? If this is the case then why change the way they measure inflation if they have their insurance in place - inflate your debt away, but let your gold insurance look after you?
Bernanke admits he hasn't got a clue how the gold price works - wow. The man who chairs the Federal Reserve who is seen as an expert on economic depression, who has studied history and is charged with one of the most important and cornerstone economic positions in the world has absolutely no idea of how the one commodity that has been the most important commodity of how nations grow for centuries, including on which many currencies were based - has no idea how it works -------- my god, is it April first? Worse still, he reckons no one else knows either!
Is he seriously telling us that he and his central banker mates have no idea of how gold pricing works, but, central banks sold huge quantities of gold a few years back and are now scrambling to buy as much back as they can - but, they don't understand it?
These people are collectively running the economies of the world or at least influencing them greatly on a daily basis - and they can't even understand the way the gold price works?
For gods sake, if they can't understand that - how the hell can they understand the complexity of the rest of the game?
What Bernanke has told us is basically that in his opinion, none of these people have a clue - how things are running, how they might run, how to fix them when they blow up and where the hell to even start fixing the problems we can't even identify.
They don't even have a plan - not even a bad one - they just turn up for work and see what happens?
Bloody hell, I can do that.
My god, if the world got a fright in 2008, from recent mutterings of Euro leaders and now Bernanke we should now be paralysed with fear - in fact unless this really is April the first, we are completely stuffed.
What they are telling us is that the whole thing is a giant pack of wobbly cards with no one who has a clue how to hold it up just waiting for the slightest breeze to blow the whole thing down.
Crikey, we don't need conspiracy theories - all we have to do is listen to the truth - no fantasy needed.
