Also, government’s way of trying to remain anonymous . . . .
Some people believe in coincidences. Others deny that there’s any such thing—at least in the arena of politics.
I haven’t made up my mind. I’m inclined to believe that, while conspiracies are likely explanations for many seeming “coincidences,” “innocent” coincidences are still possible.
Nevertheless, when someone flips a coin that comes up heads ten times in a row, five times in a row, or just three times in a row, even naïve fellows like myself begin to suspect that something more than “coincidence” is at work.
• On Tuesday, June 18th, President Obama said that Federal Reserve Chairman Ben Bernanke had done a “great job” but had, “already stayed a lot longer than he wanted or he was supposed to.”
Later that day, former Federal Reserve governor Laurence Meyer observed that, with that remark, President Obama, “. . . essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterward.”
I wrote an article on President Obama’s remark and hypothesized that if Mr. Bernanke were about to “resign,” it would almost certainly mean that his inflationary policy of “stimulating” the economy with enormous injections of fiat dollars was also destined to end. If QE3 ($85 billion/month) was about to end, we could expect a significant decline in US and global stock markets and the possible onset of the Greater Depression.
Therefore, it seemed odd to me that, since our economy was already fragile, President Obama would risk making such an unflattering statement about Chairman Bernanke. Didn’t Obama realize that any suggestion that Bernanke was leaving the Federal Reserve could be perceived as evidence that the rats were leaving the ship? Didn’t Obama understand that his remark might be sufficient to diminish public confidence and thus do real harm to the economy?
Was Obama simply dumb enough to accidentally make such an imprudent remark? Or was Obama intentionally signaling that Ben Bernanke and QE3 were both about to go?
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