The headline for this post is not an exaggeration. Ben Bernanke has chosen to act on behalf of the ruling oligarchs on Wall Street and Washington DC by purposely creating inflation around the world. He’s done this solely to benefit the richest .01% in the world. There are 7 billion people on this planet and creating a stock market rally benefits about 100 million of them. The other 6.9 billion are left with higher prices for food, energy, and clothing. With billions barely living at subsistence level, these price increases will result in misery, starvation and ultimately revolutions. Ben Bernanke is single handedly responsible for the starvation of poor innocent people around the world. When revolutions and war break out, it will be his fault. In the U.S., as senior citizens earn 0% on their retirement savings, and the price of feeding themselves and keeping their homes heated becomes too overbearing, they will die in squalor – and their blood will be on Ben Bernanke’s hands. When his money printing policy ultimately results in an epic crash of the USD and our economic system, the country will erupt into civil war, with hundreds of thousands killed in the violence.
Last Thursday Ben Bernanke made a fateful choice to murder millions of people. I hope he sleeps well at night.
Ben Wins – Who Loses?
The sick part of this is that if Bernanke saw this graph, he would cry with tears of happiness. This is exactly what he was praying for. Ben thinks that inflation is a good thing. That it will cause demand to be pulled forward as people realize that things are going to cost more tomorrow than they do today.
I suspect Ben is right. Higher inflation expectations in the US will filter around the globe. Post the extraordinary steps Ben took yesterday, people will be stocking up on “stuff”. Things like rice, flour, cooking oil, soy, wheat and sugar. If you can eat it, buy it now. It will be more expensive in a month. While your at it, fill up the gas tank, the price is going up next week and every week for the next few months.
Ben doesn’t care about that stuff. He ignores this altogether. Maybe he’s right, after all, food and energy are really not so important to the 7Bn folks who happen to be passing through this decade, right?
Some day the history books will study this period of time and ponder how so many people gave up control of key elements in their lives without ever having a say in the outcome. How could one person have gotten so powerful? Somehow we have anointed Ben as the new God. An omnipotent decider that is nether elected or whose power is somehow checked. Don’t think for a minute that he’s one of those benevolent gods, he’s not.