Inflation Association Unhappy with Bernanke

Many experts around the United States and around the world have praised Ben Bernanke, who was reappointed as Federal Reserve Chairman by President Barack Obama earlier in the week, as a hero. Faced with the possibility of another Great Depression, Bernanke has been credited for taking unusual and inventive steps to keep America’s economy afloat during the recent rough financial times.

However, not everyone is happy with the job Bernanke has done. The National Inflation Association is one such group that doesn’t think highly of what Bernanke has done. In fact, the group believes that Bernanke will go down as the worst Federal Reserve Chairman in the history of the United States.

In a recent statement, the National Inflation Association said that they believe that this the economy isn’t close to recovery. The group insists that the worst is yet to come.

Said the National Inflation Association: “Bernanke, by lowering interest rates down to 0% and taking worthless mortgage-backed securities, auto loans and student loans onto the Federal Reserve’s balance sheet, has temporarily given our economy a short-term artificial high that will soon wear off and cause our financial markets to crash again even harder.”

The National Inflation Association goes on to advice people to buy gold and silver because the U.S. dollar will soon be worthless. They urge you to spread the word to “prevent your friends and family from being slaughtered by Bernanke”.

Ben Bernanke is unpopular with the National Inflation Association (Image: Flickr)