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Commentary: We are at a market top and an economic turning point
By Paul B. Farrell, MarketWatch
SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, another dark “shocker” before the end of the year, an unexpected “black swan.” And sadly for Fed Chairman Ben Bernanke — who hopes his “I saved America from economic collapse” illusion stays intact till he leaves office — he’s not going to get a dream ending to his Fed career.
Why? The shocker will happen before his scheduled exit in January, damaging Bernanke’s egocentric “hero’s legacy.”
The big shocker that economist Gary Shilling sees coming will hit before year-end. And it’s what we see as “Critical Warning No. 12” for 2013.
So let’s put all this in context, a quick survey going back four years when Bernanke was reappointed and he began his grand ego trip as the Great Savior of the American Economy, believing he was destined to do the job our dysfunctional politicians were incapable of doing.
True, Wall Street banks love Bernanke’s non-stop cheap-and-easy-money printing presses, even if bad for the rest of America. We called him the “Most Dangerous Man on Earth,” and “Black Swan’s” Nassim Nicholas Taleb was so shocked by the reappointment of Bernanke — certain to become Obama’s “greatest domestic blunder” — that Taleb went into isolation.
Now, four years later, Bernanke is even more rigid and dogmatic, hanging onto former Fed Chairman Alan Greenspan’s failed ideology pumping out bank QE stimulus while creating the illusion that he’s saving America from a dysfunctional gridlocked Washington that does nothing.
History will prove he’s made the economy worse, delaying the inevitable, blowing a new bubble, making the next crash ever bigger.
Benanke is Greenspan’s clone, repeating the same ideological mistakes
Why is Bernenke so uncompromising? It’s wired in the brain and DNA. The position as Fed chairman turns men into demigods who believe their own press, believe they alone have the answers. This happened to Greenspan who finally had to admit to Congress after 18 years he “found a flaw” in the “free market ideology” that he relied on in guiding America’s monetary policy for his tenure as Fed chairman.
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Whistler Blowers, Insiders
it’s treason to weaken a country’s economy base. The guy should be in JAIL.
Jail? You think jail is enough for the crimes of this man and his satanic fraternity?
Perhaps something a little more creative, like a hanging from the space shuttle with 150 miles of rope might be good for beginners – so he gets to think about things on the way down. Just put him in one of those Baumgartner space jumping suits, pull the lever and 10 minutes of roaring therapy before coming apart like a giant bald sniveling lying thieving criminal shit hitting a fan.
This man needs a ragdoll spanking like Loki got from Hulk in the Avengers – minimum! For those who missed the scene…http://www.youtube.com/watch?v=gouq9_TbSe0
Then we should reincarnate him and do it again and again and again and again and again and again and again and again until he gets it through his thick skull not to fuck with humanity.
and then make him pay for it.
All said in good fun of course. Don’t worry benny boy, I forgive you. Your kind will be leaving the real human race shortly. Don’t let the brimstone hit your ass on the way out. No bunker deep enough, no door thick enough, no weapon ever formed is going to stop what’s coming for you and your friends. Bon voyage money lenders
they are part of the NWO circle: zionist bankers who have and are setting us up.
Agreed. Nothing is happening by chance.
Cyprus is a test of their power, why not give them a break, after all, as soon as they start shipping gas they will have no debt.
O man, silly me, I forgot the plan, artificially drive them into bankruptcy before that can happen, then the idiots who live on the island will own nothing and will still have to pay off the enourmas debt, as slaves. The NWO
They are laughing at us.
Thank god there are still intelligent people. The conspiracy is very real and completely comprised of one specific race. They are using the Vatican as a scapegoat. The Jesuits were created by crypto-Wej, Loyola. Everyone must read the Talmud. Look into who occupies the head position of every financial institution and every major media corporation. Rev 2:9
The article pisses me off its full of errors and DISINFORMATION! Bernanke and Greenspan have deliberately on the illuminatis/ rothchilds orders bankrupted and help destroy America’s economy! It’s not enough to destroy and bankrupt the US government they are going to make to where there’s no money left in retirement accounts, savings accounts and totally made the US Dollar worthless! Guess what fellow Americans try using those worthless dollars to buy oil from the Middle East! No oil means no food grown, no oil means manufactures come to a halt. America will be a 3rd world nation before this year ends!
That is why DHS and Obama has bought 2700 mraps and 2 billion hollow point rounds!
It is satans will that America be bankrupted and destroyed because the Christians in America are the threat to him! The illuminati are satans disciples and his church, they do his will just as the Christian denominations and churches do GODs will on earth! In the end we gone win though has GOD not said so! Even so GOD Speed JESUS!
“The article pisses me off its full of errors and DISINFORMATION!”
spare us your faux outrage.. this is BIN- this site thrives on such garbage.. dont like it .. go away!
Anonymous
Zionist Shill
“Anonymous
Anonymous
Zionist Shill”
you are. – you trying to say BIN does NOT thrive on garbage articles? get your head out … actually, never mind, probably best you keep it covered
David
Congratulations you got that one bang on.
Greenspan’s/Bernanke’s policies have been ANYTHING but “Free-Market!!!!! On the contrary they have attempted to thwart the Free-Market by trying to to control It;. hence the problems!
AMERICA’S CYPRUS CRISIS:
ALL U.S. BANKS TO GO FULL BLOWN BIOMETRIC WITHIN 3 WEEKS??????
/alternative/2013/03/americas-cyprus-crisis-all-u-s-banks-to-go-fullblown-biometric-within-3-weeks-2602080.html
CHRISTIAN WHISTLEBLOWER aka Salvation Hunter
Still around? Good Idea to change the Avtar. We all know!
Did not stop you from spreading your manure though I see.
Go get a Life.
No surprises there. Due to the exponential equation to calculate compound interest, usury is mathematically unsustainable in a finite money token system. Plus, it has been denounced as an abomination for “only” 3500 years – and condemned by all religions. Makes one wonder what religious zealots are drinking when they think they’re members in good standing while maintaining accounts for usury.
I agree! Boy that was a mouthful !!
Both are Jews there is nothing new…. same belief ….same ideology,all have to serve the scriptures of the Talmud,Satans Bible.If you want to know what is written in the Book: http://www.sherryshriner.com/talmud_tidbits.htm
I urge every American to to do 4 things if you truly are Americans!
(1) call or write your congressman and demand Department of homeland security be made to turn over 2 billion hollow point rounds and 2700 mraps to the department of defense and or divided among the 50 states national guards units. And if they REFUSE defund them which will close the program
(2) This is an important one! To fight the rothchild banking system which is the hand of satans power on earth do this! Remove your savings and checking accounts from every bank even down to the local credit union and pay with cash or money order! By keeping your money in the banks your supporting the banking system which is all controlled by the rothchild federal reserve system the hand of satan on earth. You will loose every dime in savings and checking anyway when they collapse the stock market and dollar before this year 2013 runs out! Just look what they did to Cyprus and that’s nothing to what’s comming!
(3) remove all your investments from the stock market and investment plans such as 401k plans, bonds any money you have invested get it out and take the tax loss or you will loose it! This is going to be the biggest theft in human history! Why do you think Obama and his illuminati pals has bought 2 billion rounds for department of homeland security and also 2700 mraps also! They have to protect themselves and get away with the heist!
(4) stock up immediately on 1 year supply of food for your family and they are Mormon websites that can help you real quickly on how to do this! Your food storage will not go bad in 10 years if you do the Mormon method food storage!
Good luck folks we have entered the biblical tribulation period! GOD Speed JESUS!
people panicking is the absolute worst thing that can happen and it is probably what the DHS is preparing for. the fear being spread over the internet could easily lead stupid people to do stupid things. enough of the wake up project. if you really want to stop all of this, TURN OFF THE COMPUTER, THE TV, AND THE CELL PHONE!
propaganda, which is what all of this is (main stream and independent) has led people to disaster in the past and if you don’t unplug it is going to happen again
More than one politician should be in jail, the problem is who’s gonna do it?