Wednesday, March 02, 2011

Does Bernanke trust his own policies? Should we?

I saw this by Sean Hyman of World Currency Watch:
As you know, Federal Reserve Chairman Ben Bernanke, Treasury Secretary Tim Geithner and Barack Obama now have us on the hook for $14.1 trillion.

That’s a National Debt of $178,413 for every man, woman and child… enough to send every 18-year-old in the WORLD to Harvard University for four years, with nearly $9 trillion left over!

But what most Americans don’t realize is . . .

Ben Bernanke . . . the man who literally controls the United States’ money supply . . . has accumulated $50,000 to $100,000 in Canadian government bonds.

When I first heard of this, I was shocked. But then I thought . . .

Can you honestly blame him?

Under his tenure, the dollar has LOST 16% of its spending power.

So, has Bernanke been quietly abandoning the greenback? That’s what my research indicates.


Gets me thinking more of us really ought to be listening to and supporting Ron Paul in his campaign to audit the Fed . . . and probably place some of our money, too--assuming we have any long-term funds for saving--in other currencies as well . . . or maybe even in precious metals.
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