This clip is a splice of 5 appearances on CNBC. This is the top Economic Analyst in the land, the current head of the Federal Reserve.
Like Greenspan, Bernanke seems to have had a different and badly distorted perception of the Economy which hundreds of accurate and clear eyed bloggers saw. Hell, there were normal Americans by the dozens on Motley Fool message boards who predicted the Housing Crash, the Credit Crisis and the Great Recession back in 2004-2005.
It won't be long . . . and I almost guarantee this: someone in the government will praise Bernanke for "saving our Economy".
Never mind he was blind to the red hot overheating of housing, the loosely regulated banks, the corrupt ratings agencies, the unregulated sidebets on CDSs backed up by AIG which was nowhere nearly funded for a black swan event, and so on and so forth.
Bernanke, like Greenspan, was the perfectly calm shill for the banking cartel which they represent, even when the storm clouds were coming at them from all directions.
Watch this video and scratch your heads. Bloggers all over the net were right as rain about the coming pain. Bernanke? He simply couldn't see it coming. And this is the guy who wrote a book about the Great Depression?
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