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When Ronald Reagan became President of the United States some
people were surprised that an actor could reach such a high level of
government service. Do you think maybe it could work in reverse and
that these two in government “service”, Ben Bernanke and Timothy
Geithner, could make it in the acting business? They certainly have had
some on the job training and I guess you could say their ongoing screen tests
have passed with flying colors.
Most recently, Geithner stated, “It is very important for
people to understand that the United States of America and no country around
the world can devalue their way to prosperity, to (be) competitive” and
“It is not a viable strategy and we will not engage in it.”
His ability to voice these words with a straight face, admittedly, was most
impressive yet the fact that the Federal Reserve has been employing this
strategy for the past 97 years with the American people remaining oblivious,
take a little away from his performance. Apparently Americans believe
professional wrestling is the real deal also. Yet Geithner has every
reason to remain optimistic because if the American people ever wise up
Geithner’s performance before Chinese college students should still
give him hope. When Geithner proclaimed in a speech to Chinese
university students that the US believes in a strong dollar policy they literally
laughed him off the stage which bodes well for Geithner’s possibilities
as a comedic actor. He could easily be the next Steve Martin or John
Candy. Maybe even Abbott & Costello as Bernanke has shown
outstanding ability as a straight man.
Bernanke plays the worried public servant, stressing out over
deflation while at the same time tripling the money supply over a few
years. He keeps a cool front over the pent-up hyperinflation he has
been instrumental in achieving. This is because he knows it will not
happen yet because the latest $2.5 trillion in deficit spending and $600
billion in quantitative easing (monetization) that he has created has gone
straight into the pockets of his crony bankster masters. He knows they
will withhold from unleashing their booty until Ben and Timmy have completed
their task of complete destruction of the US economic landscape so his
masters can be assured of rock bottom prices when they open their wallets.
Hollywood readies itself for the final screen test; when Ben
reacts to the complete and utter breakdown of the economy. The line:
“Gee, I didn’t think that would happen.” Followed by:
“I printed way more money than that guy in the 30’s depression
did.” If he isn’t lynched, which gauging by the intellect
of the average American he will not be, then he’s on his way to
Hollywood! I would lean toward their success in the comedy field,
however, because Geithner, being a quick study, already has it so nailed that
in his screen test he merely has to utter the words “strong dollar”
in just about any skit you can come up with to be a shoo-in for howling
laughter.
Just don’t ask any tough questions about how printing
unlimited amounts of money and lowering interest rates to sharply negative
real rates have anything to do with a strong currency. They will
probably be judged by the movie studios on how surprised and perplexed they
are that the economy imploded. Geithner: But how did that happen?
The best part: their bankster friends will have all the money
left on the planet to fund a ten movie package where Bernanke (the straight
man) feeds Geithner the set up to the punch line: A strong
dollar! AAHAAHAAHAAHAA!! While the films never catch on in
America, the Chinese think they’re a howl – something like the
Frenchmen’s admiration for Jerry Lewis.
In truth it is truly difficult to judge their acting ability
because the American public is so gullible and uneducated on economic and
money matters that it is like trying to judge if you are a great actor while
you have convinced a three year old that there really is a Santa. Just
look at how the media and Wall Street react to the tragic economies of Greece
and now Ireland. Just when it is lights out for the dollar suddenly
Ireland implodes which again is jumped on by the media as everyone pulls
their funding, which in turn blows up the Euro (as it would any country in
the Euro as they’re all massively leveraged) so that the dollar holds
on in relative terms. This cycle will repeat until one by one each
country in the Euro blows or threatens to blow just as the dollar is again
ready to plummet. The morons on CNBC think it’s just another
coincidence. .....And by the way QE1 never ended and the banks
don’t need a $600 billion stimulus package to buy bonds that no one
else will buy. They already had the power to borrow unlimited amounts
of paper into existence for this purpose for over a decade.
On the other hand maybe Bernanke and Geithner don’t
believe they’re actually doing anything wrong. They must feel
that with such a stooge for an audience it certainly could not be wrong to
remove as much money as humanly possible from them for educational purposes.
Richard J. Greene
Thundercapital.com
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