As semi-ludicrous as it may sound or read, I have tendency to agree with Faber given it is utter amazing that a man with the academic education of Bernanke can be so historically unaware of what happened to the Weimar Republic, Zimbabwe, Argentina, etc.when they routinely created money out of thin air by printing it. What a frakin’ Idiotmaximus who either is clueless and doing such on purpose knowing full well what is to come down the road for this country - while he obtains a future academic position at/with the likes of Harvard, etc. =.=
His field of study was the deflation of the American Great Depression and his is determined not to have a deflationary depression while he heads the Fed Reserve. But Bernanke is not a dictator. The Fed's Board of Governors and Open Market Committee approved this QE3 to infinity by a 13-1 vote
Bernanke knows what happened to Weimar and so does the committee that approved QE3 by 13-1 vote. They are willing to take their chances. They feel the need to flood the system with new money which Marc Faber says will only benefit the upper middle class and those wealthier than that