Jeff Nielson: Spending as much time as I do writing about the Land of Fraud, I never thought I would see myself using the phrase “maximum fraud” to describe any U.S. market . Each time I thought I had witnessed the apex of human fraud, within a matter of weeks or perhaps months I would witness some even more extreme outrage.
One should never underestimate Federal Reserve Chairman B.S. Bernanke, however, when the subject turns to fraud and deceit. This is the same man who told the world (day after day) that the U.S. had a “Goldilocks economy”, where U.S. markets and house prices would keep going up forever -- at the very peak of the made-in-Wall-Street U.S. housing bubble. This is the same man who then promised the world (again and again) that the U.S. economy would experience a “soft landing” after that gigantic bubble had already burst. This is the same man who has announced more “exit strategies” than Harry Houdini -- with not one of them ever materializing.
Yet even the infamous “Helicopter Ben” Bernanke has outdone himself with his latest operations in the U.S. Treasuries market. For those who missed the news, foreign central banks (the largest holders of U.S. Treasuries) have been frantically dumping more Treasuries onto the market over the past four weeks than at any other time in U.S. history.
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My Comments:
Complete house of cards… Gigantic ponzi scheme… Print trillions of fiat paper dollars… Buy up the world(Companies, Real Estate, Plant, Property, and Equipment) until you can no longer conceal the theft (of value out of dollars) and the Ponzi scheme collapses leaving your surrogates with ownership of real assets…
We are at the stage where the Central Bank and their agents and allies on Wall Street are no longer able to conceal the theft and countries are abandoning the dollar and US Sovereign Debt… Next will come the collapse… Like Henry Markopolos warning the SEC for a decade that Bernie Madoff was a Ponzi scheme, I don’t know when exactly the Ponzi scheme collapses… only that it is going to collapse as it becomes more and more apparent what is going on…