You misunderstand if you think I'm trying to lay the blame for the current economic house of cards on Bernanke. As much as the Fed claims to be an independent corporation, they still take their role in trying to manage the unmanageable seriously. They have no control over the real villain, which is excessive deficit spending by government which requires the creation of more money when government issues bonds to pay for that spending. I seriously doubt that anyone at the Fed has done what they have done because they thought it would be fun or might personally enrich themselves; they did it because they had to in order to keep a fiat currency afloat. But just because they did so for what they probably felt were noble reasons does not make it any less sinister. Ultimately, what they are doing is counterfeiting.
I disagree (while some may have noble..yet misguided motives), we (as humans, men are inherantly corrupt, evil, therefore without any ‘check’ on this power (or accountability/transparency) they WILL do evil, to enrich themselves are their cronies, families! Many behind the Federal Reserve I believe to be not just corrupt, not just members of an organization which is un-Constituional and ‘fleeces the people’, but crooks as well..fit only for the most maximum security prisions!!
No, where we went wrong was your saying the Fed's logic was 'sinister' -- i.e., satanic. That's a bit of a hyperbole. I was poking fun at your blaming the devil.
Words mean things, so another thought is that while the US economy still does the work of a fourth of the world's population, it's only got a twentieth of the worlds people. Some "house of cards".