Thursday, April 7, 2011

Marc Faber - Mr. Bernanke is a Murderer of the Middle Class

From King World News

...“Well my friend Eric Sprott he maintains that there is a genuine shortage of silver and that may be the case so silver may still move up...Now with the loss of purchasing power of the dollar and other currencies people are concerned if they have say a million or a billion dollars that the value of these dollars will one day be next to nothing.

So they have to invest in something and so they look for real estate, they look for equities and of course they come to realize slowly, I have to say very slowly that gold and silver are not commodities in the sense of industrial commodities, but that they are currencies. Precious metals are basically currencies that are honest because you can’t increase the supply indefinitely. You can’t have QE2, QE3, QE4 in the gold market.

...If you print money everything will go up...and now the money printing doesn’t go into housing because we have an oversupply of housing, but it goes into equities and for Mr. Bernanke unfortunately into commodities. And this is lifting the cost of living of the median household, of the typical household in the US...Mr. Bernanke is a murderer, he’s a murderer of the middle class and the working class.”

The destruction of the middle class will be a huge issue going forward for the United States. As the chasm between the rich and the poor widens, in all likelihood we will see civil unrest in the US. I suspect in the end Faber will be right, Bernanke will continue to be a murderer of the middle class. He will be the “great destroyer” of the standard of living for most Americans.

2 comments:

  1. mr. faber always provides us with the unvarnished truth and here he delivers a searing indictment which should not go unnoticed. we have long heard of those whose soft white hands wield the pens which kill more effectively than any gun. well here we have all the evidence we need to convict the white collar zionist homicidal criminals at the Federal Reserve not only of the willful economic holocaust that they have ignited in the US, but the financial collapse and ensuing chaos worldwide. add to this list the criminal cartel at the IMF and World Bank.

    as just reported in the WSJ, J.P. Morgan will reap profits of $24 billion with chief economic executioner Jaime Dimon provided with a windfall $20.8 million. As they continue on their merry way with the vast transfers of tax payer money to the Federal Reserve via the IRS while regularly fleecing the markets, especially the precious metals, with the transparent chicanery of naked short selling, these terrorists and economic hitmen operate with the legal sanction and support of the so called regulatory agencies of the US government.

    people are finally belatedly waking up to the asset stripping and plundering of the treasury going on by criminal Wall Street investment banks with the active support and collusion of elected officials with the extortion money and bribery fancifully called "campaign contributions". thanks to OGAM for another wake up call via Marc Faber.

    ReplyDelete
  2. so what you are basically saying is that there need to be a distraction of the magnitude that it will make any "resistance" among the public towards governemntal authority unlikely and a external threat blamed to join together under the flag. Is this falseflag with or without unhabital areas for 100 years? Im just saying, there are peaceful ways and there are playing into the hands of the aggressor ways to deal with the corruption at all levels. Nothing worth having comes without sacrifice, or so they say. Would americans be willing to lower their standards of living to root out all the bad elements of corruption in and around the US allies? not for a milli second... sad really sad.

    ReplyDelete