Bernanke saga ends???
As we draw closer to the date of January 31st of 2014, a saga will end and bring in a new era for world central banks to follow…the “Yellenator”!
Bernanke or in my opinion “Bernhamlet” to “taper or not that is the question” has provided the financial markets additional stimulus injection Bernanke QE3 that history will remember for decades. Bernhamlet has created a legacy for himself that exceeds all previous FED chairmen, Greenspan or Summers.
During Bernhamlet’s tenure, he has had famous battles with the infamous Ron Paul amongst other Financial Committee U.S. senators, Bernanke Speech explaining the FED monetary policy stance and why it is effective. He remained resilient and with his back against the ropes came out with the biggest knockout…Ladies and Gentlemen…”injection to infinity”. He has embedded his code to all central banks that “stimulus” is the only option and inflation will be contained. We have seen 2013 become a year of “stimulus” and as it ended the debate to dwindle down “bond purchases”. Even his famous quote “data dependant” regarding to increase or decrease stimulus has been imitated by numerous central bankers, including our very own Bank of Canada chairman, Stephen Poloz and previous chairman now Bank of England ..Mark Carney.
With the new chairman on board the Yellenator, Bernhamlet has groomed the new prodigy to enforce his mantra. Yellenator will add her own twist, yet she will remain on the similar path to assist a sinking Titanic the U.S. economy that in time will have no option but to relinquish it’s dominance as the world currency.
For now, Bernanke has created more breathtaking illusions that the great Houdini or David Copperfield would ever imagine. Truly create nothing out of nothing..increase stimulus = more paper debt placing future citizens indebted for a lifetime. Whether Bernanke has left his post, the “Wizard of OZ” will always remain behind a hidden curtain. Thank you Bernhamlet for creating the biggest “credit” creation in history.