Friday, October 9, 2015

Bernanke legacy

Mish is out with a well deserved attack on Bernanke who is trying to to distance himself from the coming collapse.  Mish asks if Bernanke is superman or a fool but then admits he is no fool.  Why is the "con man" choice always missing from these lists?  Ben Bernanke is a con man who is part of a long con called fiat currency and fractional reserve banking which has led to the formation of a global debt Ponzi.  Period.

While Mish cannot bring himself to say such things because of the need to cater to a paying readership, I do not suffer from this weakness.  But Mish is doing just about everything short of that to include telling us that Bernanke is setting Yellen up for a fall.  I could not agree more.  Bernanke will throw her under the bus in order to save not only himself but also the reputation of the office of the federal reserve. 

I commented a long time ago that Yellen would become the disposable fed chief.  Its interesting that Mish thinks her health problems are serious.  I would tend to agree after watching her zone out like that recently at the podium. It looked like a micro stroke.

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