Hi vhf,

I agree with your post, but Bernanke, as compared to the average U.S. citizen imo, is an idiot.

Much like Michael Ignatief was to Canadians.

He certainly does not understand the "effects" that his "causation" will have on their lives going forward, unless he is solely working for an elite master and then maybe he does and that is the longterm plan, but if that is the case, the few (Ron Paul comes to mind, for one), need to step in elevate themselves to become "patriots".

Below are some words of wisdom, taken from a recent column by Gerald Celente, call "The Falling Bottom Line ".

Originally written to try and explain what is happening in Europe, some of the paragraphs, highlighted here, are certainly applicable to circumstances that have/are happening in the U.S.

Paragraph 1 (Italics are mine)

“Bailouts (or, in other words, Quantitive Easing) are not gifts, but debt traps – loans at interest rates lower than the private sector but still unmanageably high. Endlessly piling new un-repayable debt on top of old un-repayable debt would not solve the underlying problem, If fact, it would worsen it. By imposing forced austerity measures and draconian spending cuts in order to service the debt, the bailed-out nation would reduce its productive capacity and its ability to compete in the global market.

Moreover, the indebted nations would be required to privatize valuable resources and industries to service the debt, with the profits going to creditors, often in foreign countries.

In layman’s terms, “bailout” is a euphemism for state sponsored loan-sharking. Precious national assets are sold at bargain basement prices to political insiders, robbing the nation of its wealth.”

Paragraph 2 (Again Italics are mine)

“But it isn’t the stereotypical Middle Eastern-style corruption of vulgar Arab sheiks doing dirty deals behind closed doors with shifty business moguls. In Europe, (and the U.S.) corruption is refined, honourable, prudent and openly practiced. It is called “banking.”

Good Luck to all!