Yup, Bernanke was awarded the Nobel Prize in Economic Sciences for his "work on financial crisis" [sic]. If you haven't heard of him yet, you probably weren't around or much tuned in 2008. He was one of the persons responsible for (1) the government bailing out the banks and (2) the crash itself. Being FED's chair at the time, not only he knew what was coming but he also knew the government would bail out the banks. More than $2 trillion dollars were lost, USA's GDP dropped 4.3%, almost 9 million people lost their jobs in USA alone. No banker was arrested and the man who participated in the creation of a huge crisis just got awarded money. Bernanke was around in both Bush's and Obama's terms, so in that sense it doesn't matter who is running the White House: the hoarders will be around living there as usual while Presidents are temporary, and the idea that Republicans or Democrats have different economic agendas is shenanigans. The Federal Reserve isn't Federal and doesn't have any reserves. It is a private company with undisclosed shareholders, which somehow managed to be the ones emitting the legal currency of the biggest economy on Earth. The game is rigged, folks. Even though the prize is issued by the Central Bank of Sweden (yeah, bankers awarding bankers), its name holds prestige in the minds of people. In any case, make sure you have a plan to escape the downhill trip these folks always get us in. For me, ultimately it is Bitcoin. They create the crisis, but don't forget who pays the bill: TL;DR: The game is rigged, make sure you have some crypto. [link] [comments] |
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