subject: Federal Reserve Malinvestment [print this page] Ben Bernanke and the Obama administration are leading not only America, but the planet into something worse than the Great Depression. Obama can blame Bush until the cows come home; however, what's about to happen is coming on his watch, not WWW. They say Ben Bernanke is a Great Depression expert. If so, he should know better! The Federal Reserve which was established in 1913 to protect the US$ has done nothing but destroy it with the ability to create more and more dollars and putting those dollars in the wrong places. In 1913 the money supply was $11.6 billion while today it is$1,695.9 billion. Having written that, no one knows what that means other than it's a BIG increase- big beyond understanding! Worse yet, when the Fed prints those dollars it doesn't give everyone a share of it. The money is spent in "hot spots" that are usually artificially developed and therefore an example of MALINVESTMENT. In 2009 something like $200 Billion of new paper was created. Considering our population was around 308 million that would mean that if everyone got their check, it should have meant about $650 for everyone. Did you get your check? I didn't get one! So, who got the money? That's a real good question. What has historically happened is that the money is given to banks who give them to their friends who gleefully ramp up a business that's short term. The money is spent, the business closes or can't sustain itself, and the economy isn't really helped. But, a few friends of the Fed make out like a bandit. Yes, the stock market has gotten up off the canvass as of March 9, 2009, but can you see the wobbly knees, the swollen eyes, and the lack of punching power? If not, you need some rest because we're not looking real good!
Federal Reserve Malinvestment
By: Ernie Fitzpatrick
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