I am going to go out on a large limb and say that the Federal Reserve does not announce any tapering today.

But let me rewind the clock a few years and start this story there.

In my opinion, the worst offending Fed Chairman was Alan Greenspan. Also knows as Dr. Bubbles, he presided over multiple asset bubbles under his reign and turned a blind eye each time a bubble inflated asset prices rather than manage or control it. His brazen penchant for deregulation rather than control accelerated the deficit trouble we face today.

Back in 2001, he started by giving President George W. Bush's irresponsible tax cuts his support. That was the formal start to the ballooning deficits. He presided over the dot-com bubble and then the housing bubble start. His speeches were so convoluted that we invented the phrase "Fed Speak" to try and decipher what he was saying. He mastered the art of double speak.

Never a yes, never a no — not even a definite maybe.

Fast forward to 2006. We had a bright scholarly shiny new Fed chairman. We all expected great things from Ben Bernanke. After all, his doctoral thesis was on the Great Depression and so if anyone was going to rescue us, it was him and his policies. After Greenspan's failure, how bad could it get?

Little did we know that he would orchestrate the mother of all bubbles. Bernanke went global with his bubble-making powers. It was not enough to destroy the U.S. markets — his sights were much higher.

As the impact of the rampant deficits and excessive indulgences of the housing market hit home in late 2007, we started seeing the U.S. economy slide. By late 2008, the markets were in free fall and we were on the verge of a global recession that would dwarf the Great Depression.

Thankfully, we had the best steward, the brightest student of the depression era, right? NOT.

Bernanke, AKA Helicopter Ben, lived up to his colors and printed money like the press was going out of fashion. He pumped the economy full of cash with his misguided attempts at helping the markets. Instead, he got the markets addicted to free money and a perpetual stream of easy money. Under the auspices of helping America, he exported inflation all over the world. We saw asset price bubbles in all markets, including China, India, Vietnam and Korea.

Stock markets, property markets, commodity markets, U.S. bond markets — they all inflated out of reach of the common man or reached such dangerously out of balance proportions that one bubble bursting would set off the others and create a global crisis of epic proportions.

Fascinatingly, inflation in America was under 2 percent. Wow! What a maestro!

Now that the Fed is finally awakening from its slumber and talking about reducing its supply of cheap money after nearly five years, we have the markets in jitters and expectations of the proverbial you know what hitting the fan.

Just as we assess the damage of five years of wonton reckless monetary policy, we hear from President Obama that Bernanke has stayed on for much longer than he had expected?

In plain English: Time for Bernanke to leave.

So after destroying the world with his irresponsible fiscal policies, Bernanke is ready to ride away into the fading sun with no consequences. What a scam!

One day he will testify before Congress that everything was right under his watch and the poor shmuck who inherits this mess is to blame. In hindsight, we may find Dr. Bubbles Greenspan to be an amateur at blowing bubbles and may have to award the title of Dr. Bubbles to Bernanke.

I would exit the U.S. dollar into gold before it is too late.