The Lost Keynes On "Bernanke Bucks"

If Obama (and Bush) and Bernanke insist that Keynes is the solution then perhaps they should read him more closely including this quote:

“The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

Right now, in lieu of dollars, our Federal Reserve is in the midst of printing trillions of “Bernanke Bucks”. I hesitate to call them dollars, even though they’re similar in their look and feel. But in essence they are worth little more than the paper they’re printed on.

Have you ever wondered why a dollar's worth of goods in the early 1800's only cost about sixty cents by the late 1800's but a nickel's worth of goods in the early 1900's now costs a dollar? I'll give you a clue: the Federal Reserve private banking oligopoly was created in 1913.

You have no idea how much you're really being taxed -- including via inflation -- and how much of your money is going to your various overlords. And note that Treasury won't detail where the AIG and other bailout moneys are going -- because AIG for instance is a cardboard cutout to send money to European and Wall Street banks.