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The Absurdity of Rewarding Failure: Opinion

Written By Zephyr Faegen
December 17th, 2009

Today I woke up to update this website and to review the myriad of headlines that populate the current nomenclature of the world and what did I see?… I saw that Time Magazine has awarded Ben Bernanke their ”Person of the Year” award. I couldn’t believe my eyes, This is man who together with his financial kabal has created a financial down turn that has boggled the minds of the world and that will only end in the utter failure of the American and possibly the world financial system. Time Magazine has done nothing but reward FAILURE.

I have studied the History of the many financial systems of the United States. I am also a strong believer in what is called a hard money system. This is the belief that you cannot have money that has no intrinsic value. Unfortunately the current world monetary system (The Federal Reserve System) is a Private banking fiat monetary system that profits off the backs of the US and world citizen through the lending at interest of worthless fiat money and federal taxation. (note: I will not be going into finite detail on how this system works in this article if you are not familiar with how it operates there will be links at the end of this article for your education)

Ben Bernanke, and the majority of economists today are taught through our current educational system to be what we call Keynesian economists and or Fabian’s. This method of economics’ states that interventionist governmental policy and private Centralized, government chartered banking systems are needed in order to “combat” and “regulate” the business cycle. The fact is that every time a centralized banking system or government has tried to “regulate” or “combat” the business cycle they have failed… miserably. The Federal Reserve and the decisions of its member banks and chairman (now Mr. Bernanke), have done nothing but artificially manipulate an intrinsically defunct and failing monetary system. Within 16 years of it’s inception (1929) the Federal Reserve created ‘The Great Depression” through it’s easy money policies of the 1920’s. Three years later to counter the failing monetary system the US Government (through President Roosevelt) was forced to confiscate all privately held gold, devalued it from $21 per ounce of to $35 per ounce, then, all governmental bonds that were payable in gold were nullified. These actions were only necessary because the US government elected to use a monetary system that was doomed to fail from its creation.

Again, and again, and again the decisions of the individuals chosen to lead our current monetary system have done nothing but artificially create economic bubbles of prosperity only to pull the rug out from under the majority of citizens to consolidate the wealth to the few who have access to the inner workings of that system, and the decisions of Ben Bernanke has done just that. Through the idea of easy money, the Federal Reserves unlimited supply of paper (that’s until we run out of trees), and the unlimited idea of digital money Mr. Bernanke, the Fed’s board of directors and the US Government have summarily stolen the value of everything the US Citizen has worked for.

Time Magazine may believe that what Mr. Bernanke has accomplished should be rewarded. He has stolen true value from the majority only to give it to the few, he and his associates have caused and will continue to cause the pain and suffering of the many only to prop up “too big to fail” institutions and a failed monetary system. Time Magazine is rewarding the fact that this man has created suffering and pain for the working American and prosperity for the “too big to fail” banking institutions and thus the top 1% of individuals who benefit from this kind of economic system (what we call the elite). Ben Bernanke is a representation of Failure. He may be a smart individual and he may have a wealth of historical Keynesian knowledge, but the economic system he imposes upon the American People and the world is a cruel joke to the masses, a financial dream for the few and will eventually become a complete failure; he should not be rewarded for it.

Educational Resources:

http://www.apollonewsdaily.com/index.php/featured-videos.html

http://www.rzyoutube.com/browse-mb-videos-1-date.html

http://www.chrismartenson.com/

http://en.wikipedia.org/wiki/Ben_Bernanke

http://en.wikipedia.org/wiki/Keynesian_economics