September 27th, 2007 by GoldSilver | Posted in Economic News |
Have you noticed? Chairman Ben (not to be confused with that all-powerful chairman from another time and place, Chairman Mao) has recently acquired a new nickname. No longer is he referred to merely as “Printing Press” or “Helicopter” Ben, those playful nicknames of yore which poked fun at his threats to stave off deflation via massive inflation. Those silly nicknames no longer accurately depict the amount of inflation he is prepared to produce, nor the destruction that such inflation will inevitably cause. Ben won’t merely be tossing money from helicopters, content to let it flutter to the ground. His new nickname signals that he’s deadly serious about his mission and he’s pulling out the heavy artillery to prove it. The new nickname references the destruction the Fed’s policies will inflict. Say hello to B52 Ben, who stands on the ready to carpet-bomb the world with the catastrophic effects of the inflation bomb.
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