The Great Depression Online




Great Depression Online Archive Issue:

'Helicopter Ben'

Day 6 of 7 - Seven Day Course

Inside Day 6 You Will Discover…

*** ‘Helicopter Ben’
*** The Cure is Worse than the Disease
*** Greasing the Road to Hyperinflation
*** And More

‘Helicopter Ben’

If there was every any doubt what Federal Reserve Chairman, Ben S, Bernanke, would do in a time of financial crisis, look no further than his November 21, 2002 speech, Deflation: Making Sure “It” Doesn’t Happen Here.

Then as Federal Reserve Governor (now Chairman), Mr. Bernanke had the following to say…

“The U.S. Government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.  By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. Government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the price in dollars of those goods and services.”

Later in this same speech, Mr. Bernanke made reference to a “helicopter drop”, alluding to a central banker hovering in a helicopter – dropping suitcases full of money to individuals.

This little oration earned him the name ‘Helicopter Ben’.  And for you, it’s cause for concern.  Saying that the U.S. Government could “…produce as many U.S. dollars as it wishes at essentially no cost” is dishonest.  Because there is a cost – it’s inflation.  And it costs every citizen by robbing them of the purchasing power of their dollars.

The Cure is Worse than the Disease…Greasing the Road to Hyperinflation

In Bernanke’s speech, inflation is his goal.  It’s his solution to deflation.  But any honest and principled individual should recognize that his cure is worse than the disease.  It’s greasing the road to hyperinflation and ruin. 

Creating paper money at will, throughout history, has always ultimately gotten out of control.  Prices skyrocket, the currency crashes, and the resulting hyperinflation spreads to social chaos and disorder as the greater population is ruined.

We cannot overemphasize the chaos and disorder this would wreak upon the United States.  And we believe that the best way for you to prepare for the calamity is through discovering the lessons of the French experience with hyperinflation during the French Revolution.

In fact, because we believe this to be of paramount importance to every individual, we have taken painstaking care to unearth the best documentation on the subject.

What resulted is a Three Volume Series titled, Surviving The Next Great Depression – Unknown Secrets from The French Revolution.  You can learn more about this important series at: www.thenextgreatdepression.com.

Sincerely,

M.N. Gordon
Great Depression Online

P.S.  Don’t miss tomorrow’s edition – Day 7 of 7 – for a review of the main themes that we’ve covered.

P.P.S.  Surviving The Next Great Depression -- Unknown Secrets from The French Revolution (www.thenextgreatdepression.com) is published by Direct Expressions LLC.  To learn more about the many exciting publications we offer, please visit our website at www.directexpressions.com.

 

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