Realpolitiks

Ben Shalom Bernanke, the current chairman of the Federal Reserve is that awesome bearded bloodshot-eyed fellow in the picture above. I wonder if he was high as fuck trying to explain something to Congress, but what I really wonder about is how he grew such magnificent facial hair. I am extremely jealous.

I am also jealous of his powers and ability to call himself the most powerful man in the world, next to the president of the United States. He can manipulate the economy, and therefore can topple the government with ease. He has independence from Congress and will most likely be able to accomplish any irreversible destruction before our representatives on the hill can put together a bill.

Yes, he wields great power. 

However, his job is to secure America against spiraling inflation, and so he cannot destroy the country at whim :( boring story huh?

I’m a bit surprised that he has chosen to keep inflation so low during a recession, and I suppose it’s mostly because all the money kept in reserves are gathering interest at the Federal Reserve vaults; that would be a significant reason why banks choose to keep the money instead of loaning it out at higher rates. I believe it’s 0.25% interest, which is well below inflation. 

Anyway, I sincerely hope Ron Paul’s legacy of attacking the FED does not live longer than the Audit the Fed bill. Although I’m not entirely familiar with the bill, I can understand where it’s going. I sincerely hope that posterity does not see to it that the FED should be controlled democratically, otherwise monetary policy will be subject to political play instead of rational economic use. 

I fucking want that beard. 

Because he’s the hero that America deserves, but not the one it needs right now… and so we’ll hunt him… because he can take it… because he’s not a hero… he’s a silent guardian, a watchful protector… a Dark Knight…

As much as I’m not a fan of Ron Paul….

Sometimes he’s needed in debates, and it would be a great opportunity to get some of his opinions onto the grand stage of politics. I would enjoy seeing Romney v Paul v Obama in a debate where each of them get equal time slots for arguments.. although I realize that is unlikely. 

It’s not that I endorse Ron Paul, it’s that I would enjoy it if Americans understood the criticisms of our current candidates from a libertarian perspective, because that seems to be lacking as of recent times. I mostly say this because of unintelligent political pundits on television who believe in what they’re saying although they are fundamentally wrong about some of the economics of political aspects of their thoughts. For example, I was watching MSNBC and a speaker did not understand the fractional reserve system of banking. That deserves a good face palming, don’t you think? 

If the people on television take the responsibility of providing us with news, I believe that they should also take responsibility for understanding some advanced economics/politics/philosophies in order to better communicate world news and reasons for certain events going on. 

Anyway, democracy is full of stupid people. Nuff said.

I post this not as an attack on Mitt Romney, but simply because it looks funny. 

Isn’t it interesting how none of our candidates are making much fuss about the financial crisis still trying to be resolved in the Eurozone? It is an important fact that Europe is a large trading partner of the United States, and that their economic conditions affect our trade and economy.