Financial Crisis Perpetrator Bernanke Hailed As World’s Saviour By TIME

The real person of the year, Ron Paul, puts the record straight

Steve Watson
Prisonplanet.com
Wednesday, Dec 16, 2009

Federal Reserve chairman Ben Bernanke has been named TIME person of the year for 2009 and hailed as a saviour when in the real world he has overseen the worsening of the financial crisis, the looting of the American economy by foreign offshore banks and the destruction of the Dollar.

In a world where those vastly escalating war are awarded the Nobel Peace Prize, it makes perfect sense to award the Federal Reserve chairman with person of the year.

“His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future.” writes TIME.

The magazine also bizarrely states that Bernanke launched “a groundbreaking public relations campaign to demystify the Fed”, despite the fact that the chairman has consistently lobbied Congress for protection of the Fed’s “independence” (read secrecy), while categorically refusing to answer questions regarding the Fed’s decision making.

Bernanke has overseen the handing over of trillions of dollars to foreign banks and has defied lawsuits to keep secret the destination of the money from the American people.

• A d v e r t i s e m e n t

The timing of the announcement couldn’t be more perfect. As NBC’s Matt Laur pointed out, Bernanke can go to Capitol Hill tomorrow, hold up TIME magazine and ask to be reappointed as Fed chairman.

Of course, if TIME’s person of the year award was really judged on toil in the best interests of the American people, the clear winner would be Congressman Ron Paul, who has railed against the Fed and Bernanke with great success this year.

Paul’s tireless effort to wrestle power away from the Federal Reserve and put it back into the hands of the American people has seen a major victory with the progression of legislation slated to audit the Fed and put it’s activities under public scrutiny.

Paul has consistently exposed how the Fed has delivered the financial crisis to America and the world via excessive spending, debt expansion and monetary inflation.

Instead TIME’s article on Bernanke refers to Ron Paul in the context of “Bleeding-heart liberals and tea-party reactionaries”.

Paul gave his opinion on the announcement regarding Bernanke on MSNBC’s Morning Joe earlier today, commenting:

“He is the most powerful man in the world, I believe a case can be made for that.”

“Because he controls the supply of money, the Dollar which is the reserve currency of the world. He can create a trillion dollars in secret without any monitoring of the Congress. So there is no transparency and I think he is more powerful than the president.” the Congressman added.

“The big question is, has he used that power for good or for evil? And of course, my side of the argument is that the system is evil, and the chairman, whether it’s Greenspan or Bernanke, they can do no good.”

“They cause our troubles, they cause inflation, they cause the bubbles, and therefore the bust, the correction is always their fault.” Paul stated.

Watch the full interview below:

Visit msnbc.com for breaking news, world news, and news about the economy

This article was posted: Wednesday, December 16, 2009 at 10:39 am

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