The Stock Manipulator

Ben Bernanke - The Stock Manipulator - Earl E Bird - Annuity Blog

Big Ben is at it again. He determined that our once-proud nation needed “financial assistance” for the third time. But, let’s face it, he’s been trying to help by printing money for five years now.

Our economy, my friends, is stuck in neutral. And the big boys at the Fed think buying our bonds will give our economy the caffeine it needs to get us through another day. But, if low rates haven’t encouraged banks to lend to average Americans, why does the Fed keep trying to stimulate through bond buying? Those guys are pretty smart; I’m sure they know many Americans still can’t get credit for houses or businesses.

Well, guess what? Dr. Bernanke finally disclosed his reasoning behind quantitative easing: he wants Americans to dump their safe investments like bond funds, bank CDs, and fixed annuities for something more stimulative to the economy. He thinks that if the stock market appreciates, nest eggs throughout America will appreciate, causing us to feel good about our current and future situation. This, in turn, will spur giddy Americans to spend more on goods and services. From there, he reasons, the American economy gets stronger and more jobs are created.

What’s wrong with this picture? First, where’s the science and math behind this decision to weaken our already sickly currency? Sounds like hocus-pocus or two-bit psychology, doesn’t it? You know what? It’s actually a federal crime called stock manipulation. This man pours money into our economy, causing stock prices to artificially appreciate. He wants to create an over-inflated stock market, or a bubble if you prefer, based not on the fundamentals of each company, but on the hope that Americans change their buying habits. Let’s face it, our Fed chairman is a criminal. Arrest Bernanke!

Pay-it Forward:

I just heard an interview with a college president stating that it’s “game over” for liberal arts degrees. In many ways I echo his sentiment. College has become too expensive to walk away with a liberal arts degree. Receiving a well-rounded education is a great idea; it’s just not feasible anymore. Real skills are needed after college. Persuade sons and daughters to pursue accounting and math classes.

Earl E Bird

I'm Earl E. Bird and I am very concerned about saving for my senior years. I am amazed at the stumbling blocks that exist when saving for retirement. That's why I take my time when making decisions on building my nest egg.

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About the author

I'm Earl E. Bird and I am very concerned about saving for my senior years. I am amazed at the stumbling blocks that exist when saving for retirement. That's why I take my time when making decisions on building my nest egg.

More posts by | Visit the site of Earl E Bird

 
 
 
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