Ben Bernanke - Thanks for all you have done
October 13, 2009
I just wanted to give a heart felt thank you to Ben Bernanke. In case you don’t know who he is, he’s the Federal Reserve Chairman. He basically runs the American money supply, sets interest rates, and bails out bankers.
He has done such a wonderful job as of late, as of October 13th 2009, the US dollar has lost it’s Reserve Status due to excessive printing and a devaluation of the US dollar by 10% in the past 90 days alone. All our trading partners are now openly grumbling that they’ve loaned the US record amounts to cover its incredible debt, but are getting paid back with printed dollars, again worth 10% less now they they were in July. Their grumblings of course went unheard at Ben’s desk.
So due to the lack of understanding on Ben’s side, our trading partners have instead bought massive amounts of Yen and Euro’s. That’s right people, federal reserve banks across the planet have stopped buying US dollars because they are quickly becoming (to the tune of a negative 10% every 90 days) worthless.
Over the last three months, banks put 63% of their new cash into euros and yen — not the US Dollar — a complete reversal of the dollar’s onetime reserve currency, according to Barclays Capital. The dollar’s share of new cash in the central banks was down to 37% percent — compared with two-thirds a decade ago.
In May, we published an article stating that this is going to happen… We also said it was going to happen in February of 2009, and we also told everyone that this was going to happen via an article published on August 4, 2008
This isn’t a surprise people, Ben is facing 2 options…
1 - keep printing money and eventually see Zimbabwe inflation
2 - stop printing money, raise interest rates and see the Mother of all Great Depressions
Of course, we almost forgot… we told everyone on October 1st that this crash will happen in October.. Mark my words… this is going to be one hell of a double dip depression… if you thought things were getting better… you need to look again.. because they are about to get worse.. much worse.
May the fleas of a thousand camels infest in your armpits Ben, because at the rate you’re going those fleas are the only things that will be left in our wallets..
So what are you going to do Ben? Are you going to jack up the rates and suck the money out of the economy sending us into a great depression… or are you going to print money like no tomorrow and let us enjoy our forced vacation to Zimbabwe?
Comments
-
http://topsy.com/tb/bit.ly/deQR0 Tweets that mention Ben Bernanke – Thanks for all you have done — Topsy.com
-
http://smoking.wisdomabouthealth.com/paula-keaveney-lib-dem-campaigner-smoking-and-films-consultation/ Paula Keaveney - Lib Dem Campaigner: Smoking and Films consultation | Smoking Health Wisdom
Recognized by Advertising Age Magazine as top Power 150 news outlet for Advertising and Marketing.
Recognized and listed in Google News. Don't stress, we're Satire
Ad Agency Advertising
