See where the Lancaster Chamber of Commerce is paying $200,ooo or so to bring former DC lackey and Federal Reserve Chairman, Ben Bernanke to speak at its annual banquet?
Read the LancasterOnLine article here.
It’s flat-out incredulous to us anyone would want to hear what he has to say. He’s been an “intellectual” and an insider. He’s never worked outside academia and government. Until now, when he gets paid mega-bucks to “speechify.”
Who wants to hear that he was party to Greenspan’s idiocy and then he got anointed to clean up the hazardous spill he helped create.
Here’s Bernanke’s Legacyaccording to one pundit:
“In case you missed it, here’s Bernanke’s highlight reel:
- The Federal Reserve jumped in and bailed out “too big to fail” banks that made bad business decisions.
- The Fed continued to buy Treasury bonds in order to keep interest rates down.
- The Fed openly acknowledged that their policies force seniors to put their life savings at risk.
- Around 25% more baby boomers and Generation Xers will not have enough money because of Fed policies.
- The Fed is creating a stock market bubble that will eventually burst.
- Bankers are making record profits and paid out record bonuses for 2013.
- Bernanke left behind a 100-year money supply that is continuing to double annually.”