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« Hilarious: Citizen Journalist Mike Stark Follows Bernanke After Senate Hearing, Asks Ben "Is Citigroup Solvent?" | Main | Dylan Ratigan: TARP To The Rescue (Crazy Time!) »
Thursday
Dec102009

Ben Bernanke Must be Stopped: A Call For Action (Sample Senate Letter Enclosed; Don't Forget To Sign Bernie Sanders Petition)

By Mark McHugh

The pending reappointment of Ben Bernanke as chairman of the Federal Reserve is the non-story of the Century, and I find this terrifying.  Propaganda of his alleged “success” has been crammed in every orifice of the American people by the rich and shameless (yet relatively few believe it).   This is truly the time for action, unless you really enjoy Tea-partying ’til you puke.  I’m asking every American to demand that their Senators stand up and oppose the nomination.  Our future depends on it.  

Contact your Senator

Sign Bernie Sanders' Petition To Prevent Bernanke's Reappointment >>

----------

So much for that “Of the people, by the people,  for the people” crap…  

Explain this to me: 21% of adult Americans favor the re-appointment  of Federal Reserve Chairman Ben Bernanke, yet only four Senators have had the intestinal fortitude to step up and say they oppose him.  An alarming 39% of Americans aren’t sure.  This I cannot fathom;  it’s as pathetic as being “on the fence” about slavery or child-pornography.  Let’s review the mind-boggling difference between what Bernanke did and what he wassupposed to do.  

Here is the Federal Reserve’s Mission Statement, presented in its entirety:  

  • conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
  • supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers
  • maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
  • providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system.
  • These four simple sentences comprise Ben Bernanke’s job description.  There’s not anything in there about monitoring men’s underwear sales to divine economic conditions (which seriously, is what Greenspan did).  Worse yet, the Fed is trying to leverage its own criminally negligent failures into a coup to seize even more power and control.  But hey, if four sentences is too much for you, the so-called congressional mandate for the Fed can be boiled down to five words:  

    Stable Prices and Maximum Employment  

    The Federal Reserve failed to follow very simple instructions.  There is no other way to see it.  It wasn’t circumstances beyond their control, it was the very circumstances that they were supposed to control that caused the meltdown.  They sat on their hands while housing prices soared on easy money and created the biggest asset bubble the world has ever seen.   No money down, subprime, ARM, 125% loan-to-value, and interest-only mortgages were “all-good” with Ben and Al.  The fact that these were credit-driven, unstable, and unsustainable prices was lost on them.  

      

    Bernanke ignored both reality and his job instructions for as long as possible.  The fallout from that failure looks like this:  

      

    It is important to note that this is the polished-up “official” government numbers.  Anyone on this side of the rainbow already knows, the reality is much worse.  In fact the smart guys at Trim Tabs assert that the BLS missed the November jobs report by over 200,000.   

    A Vicious Cycle continues…  

    Thanks to Bernanke’s incompetence, price instability has reached biblical proportions.  For example, Oil has traded everywhere between $32.40 and $147 per barrel in the last 18 months.  How’s that for price stability?  I can sight so many examples of price instability that, rather than list them all, I made this nice collage:  

      

    And if this isn’t enough to convince you how horrendous a job Bernanke has done, there’s always this:  

    (Image from http://www.babylontoday.com/)  

    Bernanke “saved” Wall St.  with US taxpayer money who have borrowed more than $6000 for every man, woman and child in the country in the last twelve months alone.  Yet  to this day, he refuses to divulge exactly what  is on the Fed’s balance sheet.  The idea that any nation can borrow its way to prosperity is utterly insane, yet here we are, trying to drink ourselves sober, and sticking our kids with the bill.  To call the architect of such a plan a “hero” is an insult to our intelligence.  

    America should be discussing prison terms for Bernanke and his accomplices (who incidentally will be getting record bonuses this Christmas), not reappointment, and anyone who says he’s done a good job is either a liar or a fool.  He’s an arsonist masquerading as a fire fighter and there is no other way to see it.  This story should be front and center in America.  Instead it’s being treated like a non-event, a forgone conclusion.  And the few Senators who have stood up against the generational-rape of America are being labeled cranks.   

     Madness……  

    Let your Senator know that if he doesn’t stand up right now, his punk-ass is gone!  Link to list at Senate.gov  

    (this is the official end of the post)  

    Bonus material (how I really feel):

    I am an American, first and foremost.  The principles our Country was founded on are more important to me than my own comfort, even my own life.  Anyone willing to compromise those principles is destined to be enslaved, and of no use to me.  

    Change you can believe in” has been cancelled, we now return to another episode of “Crooks playing musical chairs  

    Pick a Conspiracy Theory….

    Any shit-for-brains conspiracy theory you want, and you’ll find those whack-jobs have far more evidence than Bernanke supporters.  I find Bernanke supporters every bit as loathsome as Holocaust deniers.  People willing to stick their heads in their asses, so they can live with themselves.   

    I’m making a list and checking it twice…..

     It’s time to do the right thing.  I expect every American to make their voice heard loud and clear about Bernanke’s reappointment.  This goes a hundred-fold for those in the public eye (TV personalities, writers, and yes, even bloggers).  Those who fail to take a clear stand are cowards in my eyes and will be treated with the disrespect cowards deserve.  

    My letters:

    Dear Senator Casey,
    I am writing you to inquire why you have not spoken out in opposition to the reappointment of Ben Bernanke as Chairman of the Federal Reserve.  It should be clear to anyone of average intelligence that Bernanke has behaved in a criminally negligent manner and I am confused as to why any Senator would be reluctant to say so.

    If you fail to speak out against the generational-rape of America, I will make it my business to make sure people like you are removed from office.  

    America can no longer afford cowardly, or dim-witted leadership.  

    Thanks for your time,  

    Mark  

    ***  

     

    Dear Senator Spector,  

    I am urging you to stand up in oppostion to the reappointment of Ben Bernanke as chairman of the Federal Reserve.  

    Anyone who has been around as long as you should understand what functions the Fed is supposed to perform and that Bernanke has been criminally derelict in those duties. Why would you remain silent on the generational rape of America?  

    Pennsylvanians deserve integrity in their leaders, please don’t leave a legacy of cowardice.  

    Thanks,  

    Mark 

    ------------------------

     Read more (yes there's more) on Bernanke at Mark's blog >>

    ------------------------

    PLEASE email, facebook, re-tweet, share and take our stories with you when you leave.  Our only weapon against the madness is GREATER AWARENESS.  Just by sending this story to a few friends, you'll be contributing to the formation of an aggressive, educated voter base that understands the economic peril of our failed debt, deficit and spending policies.  Thank you.

     

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    Reader Comments (125)

    Thank you Bob Chapman at GlobalResearch.ca...you know Ken, if we wanted to read those articles, we would go to that site instead of this one. Just a thought to ponder.
    Dec 13, 2009 at 3:15 PM | Unregistered CommenterGobiasBestFriend
    I am not coming back on the web any way.........scream on, bash on, swirl on, have your fuck revolution on the web cowards with no balls...............................lol

    this is just fucking disease to engaged with useless rants.........no one trust or agree with no one..lol.
    Web Content overload syndrome= a disease...go and get cured

    end of rants..in 2009

    2010........don't need this disease
    Dec 13, 2009 at 6:38 PM | Unregistered CommenterKen
    Well said Ken.
    Dec 13, 2009 at 7:53 PM | Unregistered CommenterGobiasBestFriend
    If only you knew Ken, if only you knew... See you tomorrow. Riddle me this GBF, you still have not answered my question...
    Dec 14, 2009 at 7:09 AM | Unregistered CommenterS. Gompers
    You know, if
    one person, just one person does it they may think he's really sick and
    they won't take him. And if two people, two people do it, in harmony,
    they may think they're both faggots and they won't take either of them.
    And three people do it, three, can you imagine, three people walking in
    singin a bar of Alice's Restaurant and walking out. They may think it's an
    organization. And can you, can you imagine fifty people a day,I said
    fifty people a day walking in singin a bar of Alice's Restaurant and
    walking out. And friends they may thinks it's a movement.

    And that's what it is , the Alice's Restaurant Anti-Massacre Movement, and
    all you got to do to join is sing it the next time it come's around on the
    guitar.


    Alice's Restaurant
    By Arlo Guthrie

    ---------------------

    Thanks Gomp...here you go....

    http://www.youtube.com/watch?v=5_7C0QGkiVo
    Dec 14, 2009 at 11:17 AM | Registered CommenterDailyBail
    At this point, Bernanke has only been NOMINATED for a second term. And he was nominated by Goldman Sachs, who purchased the soul of one Barack Obama (or Barry Soetoro as you like to call him) for the amazingly low price of $994,795 (less than the average bonus).

    http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=n00009638
    ----------------

    Always bears repeating....thanks mark...
    Dec 14, 2009 at 11:19 AM | Registered CommenterDailyBail
    Timothy McVeigh thought we was starting a revolution against tyranny. He wasn't. He just murdered a bunch of people (19 of them small children). I have no desire to follow his footsteps, nor become a victim of his kind.

    I truly understand and share the frustration, but before we take up the sword against each other, I'd like to think we exhausted all other means. That was why I wrote this article. If millions spoke out against Bernanke and we were ignored maybe I'd agree that it was time for revolution. But it's hundreds, maybe thousands who've spoken up. That's not enough for a sucessful revolution, a terrorist faction maybe, but not enough to change things for the better.
    -----------------
    Agreed.
    Dec 14, 2009 at 11:44 AM | Registered CommenterDailyBail
    I'll tip my hat to the new constitution
    Take a bow for the new revolution
    Smile and grin at the change all around me
    Pick up my guitar and play
    Just like yesterday
    Then I'll get on my knees and pray
    We don't get fooled again
    Don't get fooled again
    No, no!

    YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

    Meet the new boss
    Same as the old boss...


    Won't Get Fooled Again
    The Who
    ----------------------

    Very fitting Gompers...always loved the song...
    Dec 14, 2009 at 11:48 AM | Registered CommenterDailyBail
    http://www.youtube.com/watch?v=IoXgRtDysLY
    ----------

    damn funny gompers.
    Dec 14, 2009 at 11:50 AM | Registered CommenterDailyBail
    Or better yet, a massive Take Your Money out of the TARP Banks Day. LOL! Seriously, there's gotta be something we can do besides mope and vote.
    ----------------------

    That's a good idea James....the difficulty will be in getting word out...i'll have more later on this...
    Dec 14, 2009 at 11:54 AM | Registered CommenterDailyBail
    "And he was nominated by Goldman Sachs, who purchased the soul of one Barack Obama (or Barry Soetoro as you like to call him) for the amazingly low price of $994,795 "

    Mccain sold his ass for alot less...

    http://www.washingtonyourefired.com/goldman_sachs_2008_contributions.html


    http://www.bignews.biz/?id=788260&pg=1&keys=financial-Rothschilds-Goldman-presidency
    Dec 14, 2009 at 11:55 AM | Unregistered CommenterS. Gompers
    Ok...i read everything...

    funniest line was gompers:

    at least i can still piss in my yard...
    Dec 14, 2009 at 12:02 PM | Registered CommenterDailyBail
    "Ok...i read everything...

    funniest line was gompers:

    at least i can still piss in my yard... "


    http://www.youtube.com/watch?v=0YAcoDkj_dI&feature=related

    To Gobias, for all the inspiration... You are truly a legend in your own mind... And to Ken, Let no man in the world live in delusion.
    Without a Guru none can cross over to the other shore.


    http://www.youtube.com/watch?v=Qerg0LyLi6c

    Did I win something?... LOL.
    Dec 14, 2009 at 1:12 PM | Unregistered CommenterS. Gompers
    funniest line was gompers:

    at least i can still piss in my yard...

    Agreed.
    Dec 14, 2009 at 1:35 PM | Unregistered CommenterJames H
    Did I win something?

    ---------

    Just the admiration of your fellow readers...I too enjoy being able to piss outside (especially) when i come home from drinking late at night...my girlfriend is repulsed and doesn't understand the joy i get from such a simple act...

    I'm just marking my territory and checking out the stars, i say..it's my moment of serenity...

    http://www.youtube.com/watch?v=0YAcoDkj_dI&feature=related
    Dec 14, 2009 at 3:00 PM | Registered CommenterDailyBail
    Funniest line easily went to SNK…

    SNK wrote..."In the end I look to Ron Paul's example. His temperament and perseverance are inspirational. Plus at the risk of losing credibility around here, I'd throw in a little Hillary. I'll just leave it at that :)"

    SNK, there is nothing little about Hillary but the sniper fire she bobbed and weaved to avoid in Bosnia.

    p.s. Gomp, I hope you hit an exposed power line and rigor mortis sets in so fast that you are still holding your pecker when your mom shows up to identify her slowwitted son.
    Dec 14, 2009 at 3:25 PM | Unregistered CommenterGobiasBestFriend
    Gobias'BestFriend, I would never expect people who can piss in their front yards to automatically understand why I admire Hillary. You should at least be happy that there is one individual in this administration with such intelligence and competence. I hope one day you are blessed with a beautiful daughter and she teaches you something about the other half of humanity.

    Anyway, that's neither here nor there; this is a bailout site.
    Dec 14, 2009 at 6:36 PM | Unregistered CommenterSonic Ninja Kitty
    I would respect Hillary more if she tells Barry to go f himself and runs for President in 2012.
    Dec 14, 2009 at 10:40 PM | Unregistered CommenterGobiasBestFriend
    “p.s. Gomp, I hope you hit an exposed power line and rigor mortis sets in so fast that you are still holding your pecker when your mom shows up to identify her slowwitted son.”

    Hey Mark, I think someone squeezed Gobias’s head;

    http://www.youtube.com/watch?v=ZOZVrDfhY74

    Yet again, another oxymoron from the King of square pegs and round holes, I am an electrical engineer, are you the mentalist, what am I wearing? You can come out of the closet Gobias, it’s O.K., we are all adults here. We have all seen your Freudian issues, First Barry, then Tiger, now me… But from your past ramblings, I am the wrong flavor for your obsession, besides, I don’t roll that way. Let me give you something to help you out… They will understand you there…

    http://online.logcabin.org/

    I guess you don’t like the Soggy Bottom Boys. That’s O.K., next time I’ll play you something from the Village People… Perhaps YMCA? As to slow witted, I would like to see a poll on that, between you and I, that would be interesting TINman…

    In your quest to see America destroyed, just because some people voted for Obama, or Hillary, or whoever else you do not like, just remember, if it craps out, the McDonalds drive thru will no longer be open for your celebration. But the Taliban might award you a medal, after all you both want to see America destroyed.

    Just so you could say “I told you so”. Besides, your just angry that your boy accepted less from the Banker Masters…

    http://www.bing.com/videos/watch/video/major-kong-rides-the-bomb/5F311CC10F7BE6437F135F311CC10F7BE6437F13

    In Gobias world, there would only be one candidate ever, now that’s Democracy…

    MOOOOOOOO…………..
    Dec 15, 2009 at 7:54 AM | Unregistered CommenterS. Gompers
    Thanks Gomp...Yes, it was a great line!
    Dec 15, 2009 at 3:08 PM | Unregistered CommenterGobiasBestFriend
    Every time I think I'm out, THEY PULL ME BACK IN!

    Gompers,

    People who think for themselves or pee standing up are only two of the many things Gobby doesn't understand.
    Dec 15, 2009 at 3:45 PM | Unregistered Commentermark mchugh
    "I too enjoy being able to piss outside (especially) when i come home from drinking late at night...my girlfriend is repulsed and doesn't understand the joy i get from such a simple act...

    I'm just marking my territory and checking out the stars, i say..it's my moment of serenity..."

    I know what you mean, the age of the HOA has completely emasculated men from the simple joys of life… I do not understand the desire of the “modern society” to want to leave your balls at the edge of the neighborhood and live happily as a eunuch by the rules of the HOA, which soon will become the “Obama Corps.” And utilizing their “spirit of the wild”, as a “hunter/ gatherer”, at the drive thru window at McDonalds, or the grocery store. I guess it is a jungle out there in modern suburbia…

    WARNING: The consumption of alcohol may cause you to think you can sing, or get pregnant.

    " Well ya see, Norm, it's like this... A herd of buffalo can only move as fast as the slowest buffalo. And when the herd is hunted, it is the slowest and weakest ones at the back that are killed first. This natural selection is good for the herd as a whole, because the general speed and health of the whole group keeps improving by the regular killing of the weakest members. In much the same way, the human brain can only operate as fast as the slowest brain cells. Excessive intake of alcohol, as we know, kills brain cells. But naturally, it attacks the slowest and weakest brain cells first. In this way, regular consumption of beer eliminates the weaker brain cells, making the brain a faster and more efficient machine. That's why you always feel smarter after a few beers."

    Cliff Clavin, of Cheers

    "Without question, the greatest invention in the
    history of mankind is beer. Oh, I grant you that the
    wheel was also a fine invention, but the wheel does
    not go nearly as well with pizza."

    ~ Dave Barry
    Dec 16, 2009 at 10:40 AM | Unregistered CommenterS. Gompers
    OMG, Gompers. I wish you were MY neighbor. You are wicked funny.
    Dec 18, 2009 at 7:30 AM | Unregistered CommenterSonic Ninja Kitty
    Why thank you SNK, unfortunately my wife is still wondering when I am going to grow up... The Grandson likes it though. You are only as old as you feel.
    Dec 18, 2009 at 7:48 AM | Unregistered CommenterS. Gompers
    If the dollar and all fiat currencies fall, what will replace them. We can't regulate or eat gold. Out societies are too complex to just use a simple bartering system where we exchange goods or services for gold. It won't work. But what will?
    Nov 13, 2010 at 11:10 PM | Unregistered Commentersusan everett

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