The People Revolt!

Bernanke appears to be in trouble.

Who'da thunk it?

Well, me.

Before everybody who throws light upon the Fed's crimes celebrates, remember, if Ben is in trouble it is because the Fed's mostly foreign, private shareholders want his head. The People have no say. Congress is simply following orders.

So, why would the Money Power wish to do away with Ben?

Simple, he's probably trying to do the right thing. Ben is a hard core inflationist. The economy is sliding into a deep depression. Ben wants to move to 0%, finally lowering the Fed rate below the market rate for cash. He's on the record in countless places, suggesting he would use 0% without hesitation (try to forget his 2.5 years of hesitation). But that would actually make reserves cheap relative to the market rate for short term cash, possibly expanding the cash supply, and allowing macro prices to rise. The board won't let him do that.

A move to 0% would remove the Fed's BANK CRUSHING 1,000% suffocation premium (30 day Fed Rate of 0.25% / 30 day Market rate of 0.025%) on cash reserves for their finally-desperate competition. It is financial murder, playing out on a world stage before our eyes.

Remember, once the American golden goose is pronounced dead (= stops laying new credit eggs to buy Fed shareholders hookers and blow), the Fed desperately wants to deflate The Peoples' collateral prices against their inflated loan balances. The People must go bankrupt. That's how the Fed cartel seizes their stuff. It's an essential step in the Fed-owners' plunder of America. And believe me, that "exclusive club" of world crime king pins DOES NOT include little Professor Ben and his $2M estate.

If Ben is removed now, it's because the Fed plan calls for interest rates to go way up. This play has been called time and again, just as the Fed's non-cartel competition desperately needs cheap reserves.

If Bernanke insists upon 0%?

B-bye.