Marc Faber: If I Were Bernanke, I Would Resign,,,Do you wish to comment?
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Marc Faber: If I Were
Bernanke, I Would Resign
Central bankers are “counterfeit money printers” and Federal Reserve
Chairman Ben Bernanke should resign for messing up the U.S. economy so badly,
Marc Faber, author of the Gloom, Doom and Boom, told CNBC on Friday.
He said Bernanke was one of the main proponents of an ultra-expansionist economic monetary
policy that was to blame for thelatest financial crisis.
“If I had messed up as badly as Bernanke I would for sure resign. The
mandate of the Fed to boost asset prices and thereby create wealth is ludicrous
— it doesn’t work that way. It’s a temporary boost followed by a crash,” Faber
said.
“If we have an economic crisis in the Western world it’s because the
government makes up 50 percent or more of the economy. This is a cancer that is
taking away people’s freedom,” he said.
Top Opinion
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Wolf 2012/09/15 10:46:00Correct...resign.+3After he fueled the housing bubble with his friend Greenspan and the Clinton Housing Policies ...and has now added over $3 Trillion in additional debt to the Fed that is not counted in our $16 Trillion Treasury debt...I would say he has caused enough destruction that resignation should be the easiest punishment for his crimes...


















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