16 December 2009

Helicopter Ben is Time's Man of the Year 2009

The question of course being "why"- because Ben Bernanke appears to be completely out-of-control with the printing press, and is still somehow under the illusion that we are still at risk of deflation... when his own flooding of the money supply and Obama's spendthrift bender are surely setting us up for a harsh spell of price and wage increases. The currency and oil markets have already voted on Bernanke's printing spree...

And if you view this Time Magazine Man of the Year 2009 award for Ben Bernanke with suspicion, you are probably not far from the truth- Time Magazine is of course packed with obsequious Obama administration bootlicks, likely acting to support him politically-