This was all planned way bafore 2002.
Bernanke gave a speech in 2002 spelling out his 7 step plan to "CAUSE" inflation and "STOP" Deflation.
All 7 of his plan has been done. From buying into corporations to buying foreign currencies, all of it has been accomplished.
This was a heist and a designed pan all along.
The reversal of Glass/Steigel in 1999 was setting this whole plan up.
They took over banks and forced them to sell to others, this was hostile takeovers of the banking industry. Rather than loan the money directly, they
loan it to your competotor and make you sell to them.
Can we start a class action lawsuit against him? His speech and the "Bernanke Doctrine is evidence.
en.wikipedia.org...
Scary Stuff.
What he doesn't understand here is that when prices go up and no one can afford to buy anything, his corporate buddies don't make the extra money
they thought they would by driving up prices.
What about issuing loans you have no intention of honoring? Is that not fraud. If you are giving mortgages out and don't care if they get paid back
because you intend on selling them as mortgage backed Securities, that is fraud, is it not?
What happened was everyone issued mortgages and no one wanted to sit back and collect the payments on them, as they wanted to get rid of them as
mortgage backed securities and make the quick buck . So they ran to the government and got them to give them the billions in quick money to keep
gambling with.
Sad state of affairs.
