Good anti-Bernanke rant

[Owlet]

I didn't author this. It's a comment on yesterday's Fed story on The Burning Platform

Thunderbird says:

"It is not about the money; it is about the oil and the gold – and the right bonds. Bankers run the world now and that is why the infrastructures are falling apart. Ever see how bankers run resorts? When in control they run them into the ground.

Because of the debt situation with all the governments; and the bankers holding all the assets of value, look for the economies of the world to continue to tank. Look for social unrest to increase. Bankers know nothing about infrastructure but they know everything about numbers; and that is what they look at and work to multiply. They LOVE money and that is why they are an evil. We think it has value and accept it as legal tender. We even use it to buy gold & silver. But we know it is fast becoming worthless because when we go to the super market, gas station, and department store it takes more and more of the fiat stuff we call money to purchase anything. In fact when we get some in, we run to spend it as fast as we can, for fear the longer we wait to spend it the less we can buy with it.

Is Bernanke lying? You bet he is. His whole career is a lie because he is dealing with a lie; fiat money. This lie is so grand it has lasted nearly 80 years; since 1933. Things are getting so bad we are now invading other countries to steel their resources. Is not going into Libya about stealing their oil and gold? Was not invading Iraq about oil? Is not invading afghanistan about exploiting their mineral resources? These invasions of other countries are all about value. These resources are limited while fiat money is about valueless currency; which the bankers are glad to multiply with the printing presses and digital technology for almost nothing.

How much longer are people going to let governments and bankers steal the value of their labor?"

[vi5]

1. How much longer are people going to allow it?

Well since our options for President next year are Obama or a Republican, then the answer for now is at least 4 more years. But I would be on much longer than that.

[eridani]

2. All money is fiat money, period n/t

[banned from Kos]

3. this is a ridiculous anti-progressive goldbug rant

a gold standard is about as anti-labor as you can get (these days).

[bemildred]

4. Bernanke is a piss-ant, who is where he is because he will NEVER rock the boat.

All money us fiat money these days, and you better pray that it stays that way.

[Po_d Mainiac]

5. The real fools are those that accept

fiat currency (Bernank Bucks in particular) in exchange for gold and silver..
YMMV