Investor Jim Rogers explains:
We have Bernanke who is running the Federal Reserve who does not know what he is doing ... The man is taking $400 billion on to the Federal Reserve balance sheets -- of dicey loans, bad debt. I mean he is turning the Federal Reserve into a pawn shop. You have something bad that you cannot sell, take it to the Federal Reserve ... And it's gonna cause many many many more problems for the American economy for all of us.
It is often said that nobody predicted the housing bubble and resulting financial crisis, but that's simply not true. In fact, a lot of people predicted the crisis! The "problem" however is, accurate prediction requires the rejection of Ruling Class economic theory (if you can even call it that). We can't have that now, can we?
Being correct in our "modern world" is irrelevant, agreeing with Overlord approved "consensus" is all that matters. That's why Rep. Ron Paul (R-TX), who warned of the bubble back in 2002 while sponsoring legislation to stop it, gets ridiculed and laughed at by the "mainstream" bootlickers. Understanding economics, and even worse, being honest about it, makes Paul a serious threat to our Ruling Class.
Also, guys like Jim Rogers (above) and Marc Faber as examples, express fundamentally different economic opinions than that of say, Ben Bernanke and CNBC, right? That's because Rogers and Faber both have "skin in the game," where Bernanke and CNBC are pushing an agenda. Big difference!
Think about it.
The Fed needs to be audited. It's time for a someone else to captain that ship.
Um, it's time to shut it down. There never was, nor ever will be a need for a central bank. Nor can any one man, or team of men, "captain" the economy. The central bank has been the primary engine of destruction in America (or anywhere else one has existed) since it began. Its sole purpose is to steal the wealth of a country's citizens. This isn't rhetoric, it is fact. An ancient truth. Jefferson and Jackson did their best to stop it too, but us "modern" folk, dumbed down by a faulty education system, think we know best.
There's a reason the Federal Reserve and many long-time politicians fought against an audit, because they knew if it happened, it would be the end of the Fed. Heck, the politicians would be lynched.