Bernanke-Led Economy Shows Critics Wrong About Fed? Clearly They Don’t Get It

Bob Tuskin | The Intel Hub | February 7 2012

Caroline Salas Gage, of Bloomberg, writes a very misleading article on the Fed, in which she claims that Bernanke’s Fed has somehow proved the critics wrong. “The numbers are proving Federal Reserve Chairman Ben S. Bernanke’s critics wrong.”

This assertion can be easily debunked. It also distracts the reader from the greater vulnerabilities within our fractional reserve banking system. No where in her article does she mention that the “Federal Reserve” is as “Federal” as the “Federal Express”.

This is a classic lame stream media ploy. Distract people with the symptoms, while neglecting the root cause of the problem; I will go on to say more about that in a bit, although I’m sure I am preaching to the choir.

She goes on to discuss the Republican presidential candidates, and their varying degrees of opposition to the Fed and Bernanke. Ron Paul being the most out spoken critic the Fed, and Gingrich and Romney both claiming that they would only remove Bernanke.

“Even though the economy is showing signs of strengthening and inflation appears in check, Republicans Mitt Romney and Newt Gingrich, who also are running for president, have said they wouldn’t keep Bernanke, 58, when his second four-year term as Fed chairman expires on Jan. 31, 2014. Gingrich said in September that Bernanke was “the most inflationary, dangerous and power-centered chairman” in the central bank’s history.”(Caroline Salas Gage)

So they have effectively taken the focus from the fraudulent system and have made it about the players involved instead.

The Fed’s very essence is bound for failure. A simple understanding of fractional reserve banking will tell you this. Notice they take for granted the very nature of money, and think that merely pointing to what the current state of things are with our economy is enough to suffice an adequate assessment of the actual state of our distribution system, Federal reserve notes aside.

The fact is, based on the Feds own literature provided to their stock holders, we can see that it is bound for failure.

Bernanke or not, fractional reserve banking does not work. The following video “Money As Debt” does a more than adequate job of explaining the nature of the beast.

See video here

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