Tags: Currency | Wars | Forbes | Bernanke

Steve Forbes: ‘Bernanke Worst Central Banker in American History’

By Newsmax Staff   |   Tuesday, 31 Jul 2012 03:32 PM

Former presidential nominee and current chairman of Forbes Media, Steve Forbes, had some harsh words for Federal Reserve Chairman Ben Bernanke.

Appearing in an interview to discuss the rise of global currency wars and specifically the Fed’s Role in this potential crisis, Forbes stated that Bernanke “is the worst central banker in American history.” (See full interview, click here.)

Currency wars have erupted three times over the last 100 years and have been the driving forces behind such historical events as the Great Depression, Hitler’s rise to power, World War II, and even the stagflation of the late 1970s and early 1980s.

A currency war, in its most basic definition, occurs when nations begin to intentionally devalue their currencies against one another to boost their economies.

Experts believe that Bernanke’s manipulation of the dollar through money printing (called quantitative easing) has put our economy and the wealth of average Americans on shaky ground.

And the numbers seem to back up that assertion.

With the first round of money printing (called QE 1) that was launched in November of 2008, the second round (called QE 2) in November of 2010, the currently running “Operation Twist,” and the conventional money printing that’s taken place, over $4 trillion has been pumped into the American economy.

And our dollar has been weakened by as much as 27 percent.

These currency war maneuvers, certain financial experts have concluded, will not jumpstart the American economy as the Fed intended, but instead will make it impossible for people to dig themselves out from under the recession.

Editor’s Note:
Watch this shocking interview with Steve Forbes here.

Forbes was not the only participant in this interview who expressed concern.

Appearing with him was Bob Wiedemer, the economist who garnered international acclaim for correctly predicting the four-bubble meltdown in our real estate, stock, private debt, and consumer spending markets that caused the Great Recession.

Wiedemer warned that the Fed’s moves have artificially inflated the stock market’s value by as much as 100 percent and that a historic crash is inevitable.

Unfortunately for many Americans, Wiedemer also foresees a second housing crash and three years of triple-digit inflation coming when this currency war really erupts.

Editor’s Note: Watch Steve Forbes and Bob Wiedemer disclose the shocking proof behind their findings in this eye-opening interview.

But the most eye-opening parts of this interview may have come from James Rickards.

Rickards is a top adviser to the Pentagon, CIA, and Director of National Intelligence. He also played a role in ending the Iran hostage crisis, as well as working with the CIA after 9-11 to investigate insider trading activities that occurred prior to the attacks.

Appearing from multiple locations including a sensitive military location where he built a currency war simulation for the Pentagon, as well as from outside the Treasury and Chinese Embassy, Rickards discussed what he believed was a dangerous 21st century currency war that involves gold, energy, and other commodities, as well as stocks and highly leveraged derivatives.

Rickards believes that the Fed’s actions during this currency war have made the United States vulnerable to what he described as a “financial Pearl Harbor.”

Editor’s Note: For a limited time Newsmax is making this controversial investigation available to the public. They’re also giving away what they call a “Currency Wars Defense Blueprint” that contains a book that’s circulating through the national intelligence community right now, as well as investment reports that offer ways for you to protect your wealth as this threat grows. Click here to view this powerful investigation.

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