Bernake is hell bent on destroying the dollar

Another rate cut is coming next month. Looks like Ben Bernake is ready and willing to do whatever he can to kill the dollar in the faint hope of saving housing. He will accomplish 1 of the goals. The dollar will be trashed and housing will also still tank. In 2001 and 2002 Alan Greenspan cut all the way to 1% in the hope ofa verting a stock market crash. And yet NASDAQ still fell 70%. In the 1990s The Bank of Japan lowered rates to 0% and still the Japanese housing market fell for 15 consecutive years from 1989 to 2004. Ben Bernake hasn't learned from either events. He has a PhD in economics and still can't understand that you cannot artificially prop up an asset indefinitely through low interest rates.

Oh well if you can't beat 'em join 'em. Start buying up gold and silver again. I honestly thought this madman had come to his senses and so I sold out of my gold and silver. I was wrong. He is a madman that is out of control.

When gas is at $6 a gallon remember who is responsible. It is not Exxon. It is not Saudi Arabia. It is one man and one man only and his name is Ben Bernake.