The Federal Reserve, led by supposed financial historian Ben Bernanke, has spent its entire existence promoting policies that have irrevocably and catastrophically wounded the U.S. economy. The Fed’s policies and strategies have only become more comically insane throughout the years and have culminated with monthly quantitative easing measures that are sure to shake every last bit of solvency out of the dollar.
Many Americans and world economists have expressed their frustrations with the Fed in general and Bernanke in specific. Although Bernanke is widely regarded as a student of economic history and has the responsibility to salvage the United States economy, the Fed’s loose and irresponsible money play has gone too far. I propose, therefore, that we all pool together and crowd-source a big enough pile of gold coins and bars that Bernanke will have no choice but to walk away.
Unfortunately, Bernanke has stated that he doesn’t understand gold, which is a major red flag because as a historian he should know how important gold is as a store of value. During the Great Depression, the period of time to which the last few years have been most closely compared, gold became so valuable that our government outlawed the hoarding of it.
If he did accept our offer we would still be in big trouble. His replacement’s policies will not improve anything about our economy, at least not for a long time. When the coyote from the Roadrunner cartoons goes over the cliff, his hand and the sign in it may remain at cliff-level for a few moments but his body is already plummeting towards the ravine below. That’s all, folks.