Courtesy of Lee Adler of the Wall Street Examiner
Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.
via Bernanke: despite recovery, many struggling | Reuters.
For many those tough times are thanks to Bernanke’s own ZIRP destroying the finances of America’s seniors.
Bernanke himself has said that there are winners and losers for any policy change, leaving out the obvious fact that he decides who the winners and losers will be. In this case, with ZIRP, he chose the defenseless and innocent elderly living off their savings as the target losers. Each day, thousands more are forced to exhaust their nest eggs earned over lifetimes of honest hard work and thrift, thanks to Bernanke targeting them for destruction so that banks can get free money and live off the spread.
Bernanke chose the weakest among us to be the losers, and so that the owners of the system, the bankers, can continue to get their obscene bonuses. ZIRP Bernankecide is a crime. It is a crime against humanity.
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