December 16, 2009
[efoods]Are they kidding? Time magazine has named Federal Reserve Chairman Ben Bernanke as its Person of the Year. The magazine credits Bernanke with guiding the U.S. through the worst financial crisis since the Great Depression. This comes at a time when criticism of the Federal Reserve has reached a boiling point. Many financial analysts are actually blaming the Federal Reserve and the international bankers behind it for creating the colossal financial mess that the world is in. To many, this move by Time Magazine is a blatantly transparent attempt by the financial establishment to prop up one of their most valued frontmen. Of course most of us know by now that some of the same financial interests that are behind the Federal Reserve are also behind Time Magazine. Can anyone say “conflict of interest”?
But Time Magazine appears not to fear any kind of criticism. Instead they speak of Bernanke as if he was something beyond a hero. In fact, the Time article casts Bernanke as some sort of courageous solider battling the demons of financial disaster…. “He led an effort to save the world economy.” The Time Magazine article goes on to bemoan the fact that the American public does not “appreciate” Bernanke. They portray him as some misunderstood hero who has sacrificed so much to save us all….