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If Bernanke Leaves, The Jig Is Up & A Monetary Mushroom Cloud Is On The Horizon!
Jim Sinclair sent an email update to subscribers this afternoon regarding media reports that Fed Chairman Ben Bernanke will step down and retire when his current term expires in January of 2014.
Sinclair states that like former Chairman Alan Greenspan who retired immediately preceding the collapse of the housing bubble leaving Bernanke holding the bag, if Bernanke steps down a year from January, it will indicate a monetary mushroom cloud of EPIC PROPORTIONS looms on the immediate horizon and Bernanke has no tools to prevent it.
From Jim Sinclair:
Believing what you read in the pre-election weeks, especially what is attributed to friends, is risky business. However, let us assume that there is some truth to this. What would it mean?
When Greenspan’s term was up what did it mean? It meant pretty much the end of the monetary system was at hand, and Bernanke was Greenspan’s bagman for the fallout. If Bernanke leaves then the monetary mushroom cloud is visible in the horizon and he has no tools to prevent it. The new Chairman could be nothing else but Bernanke’s bagman for a disaster of colossal proportions.
If Bernanke leaves, the jig is up.
No tools exist in any tool bag other than QE to handle national bankruptcy and the attendant conditions. There can be no other interpretations. That could be the signal for those who have contingent plans to grab the “Bug Out” of whatever type bags and run financially or physically.
Bernanke probably won’t stand for third term at Fed: NYT October 23, 2012 7:14 AM ET
(Reuters) – Federal Reserve Chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the November 6 election, the New York Times reported.
This course of events was contrived by transnational corporations to be able to gobble up assets that are lost in the resulting chaos. The fact that they are throwing the U.S. under the train means nothing to them, as they will come out of it even wealthier than before. We are seeing the solidification of a world ruled by corporatocracy.