Federal Reserve Chief gets reappointed

Ben Bernanke has been reappointed as head of the US Federal Reserve by the Barack Obama.

Who in his period of being Federal Reserve chief has:

• managing to destroy the core wealth of Americans, this is seen in the erosion of US dollar value.

• his direct intervention to inhabit general wealth and prosperity of Americas (holding cash) by having insanely low interest rates, which has lead to continued speculation as people try and find wealth elsewhere namely stocks.

• bailed out institutional speculators who should have crashed and burned but instead where given welfare via the American taxpayer. The Federal Reserve and Treasury bailout have again ensured that the speculators are now overly speculating again to return to profit, hence the stock market rallies.

• seems to take pleasure in believing that re-inflation of the American ecomomy is vital, despite inflation already occurring in many aspects of the US and global economy, ranging from food, fuel, insurance, council rates, housing/tax registration. With US dollar decaying, further inflation will ensure. Which should just about wipe out any wealth left of the American consumer.

• secretly via bail out money has not revealed how taxpayer money was used to prop up maintain and save bad businesses of Wall Street (although US courts have ordered the Federal Reserve to disclose it's 2 Trillion loan program and it's losses).

• His direct contribution to US Debt to GDP is a nightmare. For any economist, commentator, politician to say that the US debt is 'manageable' is insane. This kind of debt is unmanageable especially when debt is piled up on top of debt, refer at recent attempt at the ecomomy to de-leverage (can you say global recession?). All this means is that a huge wave of de-leveraging will take place as goverment debt becomes a massive bubble.

His behavior is tantamount to criminal behavior, which is his direct attempt at destroying the general wealth of the American population.