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Tuesday, October 11, 2022

'Tit for Tat' Escalation Continues! Where does this LEAD? Ben Bernanke gets Noble!



Vladimir Zelenskyy says he needs more weapons and he wants to 'cap' the oil price on Russian crude. Biden says he will continue to back Zelenskyy's war (indefinitely). Europe and NATO say similar. Where does this 'tit' for 'tat' escalation lead? It leads to a nuclear war at some point down the road. Putin now wants to bomb infrastructure and energy sources (throughout Ukraine) to counter the loss of land (territory) along the annexed border.

There is no end to this war over in the Ukraine. The leaders do not desire to compromise or even start a negotiation process. More killing and bombing is the status quo. Can any of this lead to progress for the people of Ukraine, Europe, or Russia? My sense is absolutely NOT. The mindset of our political leaders is our problem. We need NEW political leaders who seek compromise and peace!

It now appears that Russia will attempt to take out the DECISION CENTER of Ukraine (at some point) and this could lead to a counter action from NATO and the USA. Mr. Dmitry Medvedev, who serves on the Security Council of Russia, is now saying that Zelenskyy must go (be removed from power). He thinks that this is a must if Russia is to make any progress on their goals going forward. My sense is that this could happen prior to the end of 2022.

Many leaders within Ukraine are saying that Putin must go (be removed from power). So the battle is now removing key leaders from power. This could happen soon! Will Putin and his gang prevail first or will Zelenskyy's gang prevail first? It appears that neither side can work to negotiate a settlement...so this must eventually lead to some major decision to REMOVE either Putin and/or Zelenskyy from power.

The other possibility is the removable of Biden from his power position. This is a possibility if the mid-term elections produce majorities in the HOUSE and SENATE for the republicans. Biden could then be impeached and removed from power. We could witness all these possibilities happening between now and the end of 2022. It appears that nothing positive can happen under the current political regimes.

Now let's talk about the Central Bank situation. Mr. Ben Bernanke has been given a Noble prize in economics for his role with our Central Bank (the Fed). His QE policies saved the economy (so says WSJ) and this has led to his Noble prize in economics. The Central Bank of Sweden produces the funds for this PRIZE in economics. Did Ben Bernanke do anything positive for our global economy which deserves a Noble Prize in economics?

My sense is that it was Ben Bernanke who counterfeited our dollar in the trillions (from 2008 - 2012) so as to prevent a major financial collapse/correction. This counterfeiting was called QE. Is this behavior worthy of a Noble Prize? Given that the money for this prize comes from the Riksbank in Stockholm, Sweden, I am not surprised at this gift for Mr. Ben Bernanke. Ben was the biggest counterfeiter in all economic history! Sweden also participated in this counterfeiting (called QE).

The balance sheet of the FED increased some $4 trillion during Ben's term at the FED. All this money creation (out of nothing/the click of a computer key) prevented our markets from correcting in normal fashion. Yes, it was Ben Bernanke who is now given millions more in prize money for helping the WEALTHY maintain their control over our economy. Is this diabolical or what?

As I write our financial house of cards (created by our Central Banks) is starting to correct so that a RECESSION happens by the end of 2022. Later in 2023, we could experience a major ECONOMIC depression (if my scenario develops). All this is happening due to our Central Bank policymakers and their various decisions. The current high interest rates (to quell inflation) are the real-time issue today. All this was the result of Ben Bernanke's prior (original) decision to flood our markets with new dollar digits (called QE). Most of the Central Banks (on our planet) followed the lead of Ben and our FED!

The coming financial consequences which will happen later this year and next are primarily the result of Central Bankers who have DISTORTED our markets to protect the RICH and the WEALTHY. The Riksbank, over in Sweden, funds this Noble Prize in economics, and they also were involved in unsound QE policies for the country of Sweden. Stefan Nils Magnus Ingves was the culprit who has run the Central Bank of Sweden. 

You can read the Wall Street Journal to get the details on this Noble Prize in Economics. I am not surprised at the decisions as our financial SYSTEM rewards those who prevent real corrections to our financial house of cards. Money rules this planet and those who CONTROL the money system determine who gets what! To me, all this is diabolical and corrupt. But that is my point-of-view. Think for yourself on all these issues.



 
I am: Donald B. Swenson, Economist/Philosopher, donaldswenson.blogspot.com. Also, http://kingdomecon.wordpress.com. 

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