We all assume Bernanke is desperately trying to save the U.S. What if this is just an engineered crisis designed to appear so desperate that congress allows the FED to put the country in an insurmountable debt that will lead to a global currency and selling U.S. assets to pay off the debt?
We would never agree to such a scenario if it was laid out that way from the start. But, create a modern depression, then start down a path of QE that should save us, according to the scholar in charge. Suddenly something goes wrong, the dollar becomes worthless, and out of desperation, congress compromises our soveriegnty, we are ruled by the UN and IMF, and become a third world country. Defeated from within, without dropping a single bomb. Pretty neat trick, huh?
MF4