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frankkarl
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Should Bernanke Park the Helicopter? - Frank Shostak -

" SEWER PUMP BEN " This reference to helicopter ben in a misnomer since it implies dropping currency at random. This has never and will never happen. The fed will not have main street picking up the capital before wall street first has it's chance to profit. It would be more appropriate that ben's actions be under the banner of " sewer pump ben ". Sure, the people pay for the pump and it's operation, but the crap it pumped directly into the banksters pockets. The more he pumps, the more crap in the system.
This idiot bernank is lending to his bankster buddies at one rate and then receiving that same capital into the bank's reserve account at 1% greater. Hmm, would be nice if a bank would lend me money and pay me 1% annually for doing so. The liquidity provided the banks by bernank at near zero is what is saving the banking system. bernank is funding the banks non performing assets at zero and in doing so is transferring wealth from main street to wall street. Saver's receive a negative return so the banks can be rescued. An analogy between outright confiscation of capital, as in Cyprus, or the stealth means of confiscation, as in the west, is appropriate. It is theft in either regard.
The fed is there to serve itself and it's bankster buddies, all under the guise of GDP growth, inflation objectives, and employment objectives. The fed exists solely for the purpose of protecting and enhancing bank assets and profitability. The bankers want to own the world by buying it with capital created on their photo copy machines ( or digitally to save on the cost of paper).
The world's central banks will strangle any economy not repaying it's debts. Debts created from nothing by those who contribute nothing. When will it be the people's turn to create money from nothing? Maybe when they wake up? Sad.

Commented 4031 days ago

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Beginning of the headline :According to Ben Bernanke, pulling back on aggressive policy measures too soon would pose a real risk of damaging a still-fragile recovery. The Fed chief is of the view that, for the purposes of financial stability, a continuation of the central bank’s aggressive stimulus, conducted through purchases of Treasury and mortgage securities, remains the optimal approach. In response to the financial crisis and the deep recession of 2007–09, the Fed not only lowered official rates effectively to z... Read More

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