BERNANKE: You Can't Fire Me — I'm Going To Quit In 2014

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-------- Original Message --------

Subject:	Re: BERNANKE: You Can't Fire Me — I'm Going To Quit In 2014
Date:	Tue, 23 Oct 2012 10:26:21 -0700
From:	Jas Jain

Re: BERNANKE: You Can't Fire Me — I'm Going To Quit In 2014

George B.: "Jas, I would argue that Bernanke has done a pretty good job of keeping deflation bottled up in the closet using his unconventional tools.  He bought us time, during which fracking and horizontal drilling were perfected.  Our natural gas prices are now so low that the Boston Consulting Group has predicted that 5 million heavy manufacturing jobs will be returning to the U.S. in the next 8 years.  The U.S. is now a net energy exporter (natural gas, coal, etc.)."

"Bought us time," but at what cost in the future? That is the problem that the academic neo-Keynesians never address.

"Would you have preferred that a horrible deflationary depression have already hit?  Hell, looters and unchecked gangsters might have already broken into your house and killed you (or me) by now.  Instead, I enjoyed a nice glass of wine last night with my bride in my (currently) safe home."

As I have said countless times, the deflationary depression was backed in the cake years ago by the ever-increasing consumption debt and postponing the necessary adjustment back to the income-based consumption, at a huge cost to be paid in the future, is fool's game. Greenspan-Bernanke Fed has bamboozled the American people via Asset Bubbles. We are now nearing the end of the road in suppressing the depression.

"You have been consistently right, Jas, and because of your sage advice, I avoided all of the financial carnage.  I also warned my trust deed investors about deflation and helped many of them reduce some of their pain.  So thank you!"

Thanks for the credit and you are always welcome.

"That being said, now it sounds like you're cheering for a deflationary depression.  The only guys who will benefit from a deflationary depression may be a handful of neighborhood warlords."

No, I am not cheering for anything; I am simply pointing to the unavoidable outcome. You think that Bernanke has done good things by buying time, but you have not seen the bill. Bernanke is a CROOK as was Greenspan. Their fraud, so obvious to some of us, would be discovered in due course.

Best regards,

Jas

Kirk Lindstrom Article:
U.S. Borrowed 31 Cents Of Each $1 Spent In Fiscal 2012:
Final Deficit Is $1.1 Trillion