The honor just keep pouring in for Federal Reserve Chairman Ben Bernanke. On the same day he was named Time magazine's 2009 Person of the Year, Bernake was also selected 2009 Villain of the Year by the National Inflation Association.
The Association is a citizen watchdog group that is concerned about the growing threat of hyper-inflation due to unchecked spending by the federal government and the uncontrolled printing of money by the Fed.
While the far-left staff at Time magazine thinks Bernanke helped prevent a second Great Depression, the folks at the National Inflation Association believe Bernanke has sown the seeds of a massive collapse of the U.S. dollar and the world economy.
When it costs $20 for a gallon of milk in a few years, Americans will have nobody to thank more than Bernanke, the Association says.
Who's right? My money (for what it's worth) is on the National Inflaton Association.
NIA Names Bernanke Villain of the Year 2009
1 comment:
Time... cough cough.. will tell I guess.
One things for sure, he is one of the most powerful people in the world.
After all, who else can print money out of thin air?
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