Thursday, April 19, 2012

When the Bernanke Threat Finally Materializes


-------- Original Message --------
Subject: When the Bernanke Threat Finally Materializes
Date: Thu, 19 Apr 2012 10:56:11 -0700
From: Jas Jain

When the Bernanke Threat Finally Materializes

Bernanke was the single most responsible individual for the global economic crisis of 2008 made in the USA. Greenspan was close second. However, it was simply the early warning of the main event that would start the process of collapse of the US econo-political system, as it has existed. It would lead to global mayhem and dismantling of democracies one-by-one. People like Bernanke and Obama wouldn't have any power but for democracy.

It wouldn't take 5 years, but it could start at any time beginning in 2013. Downgrade of the US debt by all credit rating agencies, or serious threat of downgrade that would lead to drastic cuts in the US govt spending, would be the most likely trigger. Of course, Bernanke and his defenders would blame the politicians, as most Americans do. You can't defend democracy and then blame politicians. Under the American system, all govt power resides with politicians and their appointees. Bernanke is the worst of these appointees. He is a bipartisan threat!

Jas

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