
The Beginning of the End
A Masterstroke of Economic and Geopolitical Brilliance
If you have ever wondered how Federal Reserve Chairman Ben Bernanke got his job, this video should help.
In July of 2005, when asked about rising home prices, the possibility of a housing bubble, and the potential for this to lead to a recession in the future, then Chmn. of the Council of Economic Advisors, Ben Bernanke said:
It’s a pretty unlikely possibility. We’ve never had a decline in housing prices on a nationwide basis. So, what i think is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from it’s full [inaudible] path, though.
More highlights and predictions:
This country should be glad we have a visionary like Mr. Bernanke running the Federal Reserve.
Hat tip to Rick Blaine for sending this video over.
Bernanke VideoRama:
In case you’re wondering if you can trust the opinions (and yes, they are obviously opinions and not facts) of the experts, we would direct your attention to a recent interview with Gerald Celente who says ‘If you follow political leaders, you’re going down with the ship’.
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I wrote about that very quote a few months ago. He’s a joke. You would tons of money doing the exact opposite of what that guy says.
Yeah, and he also said there was no recession, just a “slowdown” in spring of 2008. It took the financial wizards almost another year to declare that offically the recession began in Dec. of 2007 (I think history will one day say it began long before then).
How about the Fed supporting a strong dollar? Did he lie about that?
How about refusing to disclose where the tarp bailout money went? Isn’t withholding of information technically a lie?
I pray enough people will wake up and see these people for the frauds that they are.