The only time I ever recall any guarantee coming to fruition was when Broadway Joe guaranteed the Jets would upset the Colts in Super Bowl III. I think he even said it with a couple of gorgeous babes draped around his mink coat. While Bernanke doesn't openly flaunt his mink coat, I'm sure the bankers make him wear one on a regular basis without anything underneath as he sits inside the hallowed halls of the Federal Reserve. And one by one, they all drop by during POMO days and slip The Bernank one hell of a stimulus package. And The Bernank can do nothing but take it and enjoy it, just like the rest of us.
Yesterday on 60 Minutes, Benny said he was "100% sure" QE2 would work. This from the man who failed to see the subprime crisis coming, or the general credit crisis it spawned, or the collapse of big institutions like FanFred, Lehman, and Bear. He failed to see those tsunamis coming, even though it was his job to do so. Or he saw them coming, and simply opened up his mink coat to let Dimon, Blankfein, Mozilo, and Thain sodomize the American populace. What Bernanke has created may have no predictable end-game in sight. Whose to say he can't print enough toilet paper to buy up every single worthless asset in The US and Europe? He can and will. He already set the stage for QE3 on 60 Minions last nite. It will just keep going and going until it can't. And when that happens, perhaps before Joan Rivers 20th vaginoplasty, or perhaps after her 60th one, the world as we know it will cease to exist. But by then Bernank will be a "consultant" to JP Morgan pulling in $10 million a year (though in what currency is anyone's guess). That's his end-game.
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