Born- December 13, 1953
Education- Harvard (BA) M.I.T (PhD)
Current Job- Chairman of Federal Reserve 2006-present
Political Party- Unclear
This is the guy who controls America's money supply, and by extension much of the money in the world. Judging by what has occurred during his tenure he hasn't done a very good job at it. Ben is a prototypical Fed Reserve chairman: very academically respected with no real world experience. He scored an almost perfect score on his SAT's, graduated Harvard, M.I.T and took a tenured teaching stint at Princeton. His parents must have given him a lot gold stars, but what all this means is that Bernanke's actions are predictable as they relate to the management of our financial system. He is a book geek that follows the prevailing economic theory of market engineering and money supply manipulation, better known as Keynesian economics. You can research John Maynard Keynes, and don't just stop at his theories but see how they have been used to fit politically convenient decisions. Bernanke believes this Keynesian crap which is the most ridiculous area of economic study in recent history. Ben's "Bernanke Doctrine" reeks of failure and his actions during the Fed bailout have only served the banking masters. Both he and Hank Paulson were at the center of many scandals involving Bank of America mergers and AIG, but neither has come clean and continue to push a toxic money policy that is carving the wealth out of this country and shipping it to bankers off shore, along with our jobs and our liberties.
Car maker Henry Ford had something to say about guys like Bernanke. Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution by tomorrow morning."
If you have watched Ben on TV, he has an ego, but who wouldn't if they are in the top .00001% of academia. You can see it in the smirk he swallows every time he has to go in front of Congress. Kind of like he's thinking "Do these guys know that I am the most powerful guy in the room"?
Key Quote: "A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily."