time names world biggest counterfieter "person of the year"
By xfahctor
@xfahctor (14113)
Lancaster, New Hampshire
December 16, 2009 4:18pm CST
Saw this discusion in another section and wanted to put a different angle on it.
Ok, so I am not arguing againt Bernake as "person of the year. time has certainly put some sinister and notorious people on the cover. And he was in fact a very influental and signifigant figure.
Not my title however. If you or I, or even a banking firm, decided to fire up a printing press and start chrning out "money", we'de be federal prison. Printing out as much as the FED does, we'de be in federal prison for life.
When a person makes the cover of time as "person of the year, it is because they are either famous....or infamous/notorious. This years selection is likely to draw very differing opinions as to which one Bernake falls in to.
Tear it up guys.
2 people like this
5 responses
@lilwonders456 (8214)
• United States
17 Dec 09
I was stupidly shocked when I saw it. I don't know why but I was.
You are right....if it would have been you, me or any bank that printed up a bunch of money out of thin air that could not be backede up we would be in jail. But this guy gets awards for it. Go figure.
But as Taskr said....both Stalin and Hilter also got it....so I guess that puts in about the right company.
@djbtol (5493)
• United States
17 Dec 09
Time is a total liberal rag magazine. They do whatever Obama wants. Bernake was the dude who crafted this failed stimulus plan. But Obama is still trying to convince people that the stimulus plan was successful 'at saving the economy', so of course they declare Bernake a great man. To be called a great man by Obama and his group is the ultimate insult and evidence that a person is worthless.
@thegreatdebater (7316)
• United States
17 Dec 09
X, you have to remember a year ago when our entire economy was about to collapse. I don't think many Americans know how close we came to being sent back into the middle ages. I will say that his actions will go down in history as some of the best in our nations history, and people will talk about him like they did Greenspan.
This is a thankless job, and no one on here could do it for a day.
@xfahctor (14113)
• Lancaster, New Hampshire
17 Dec 09
But what good is pumping a bunch of money in to the economy if it isn't worth anything? Some would also argue that perhaps the actions of the federal reserve not only retarded financial recovery, vut also made some bankers and insitutions very rich and went around the law to do it.
1 person likes this
@thegreatdebater (7316)
• United States
18 Dec 09
X, those that would argue that this only hurt the recovery are the crazy people who want to destroy the FED. Next time you talk to those people, ask them what would have happened if we allowed more of the large banks to fail, and they were bought up by one or two banks? That would make "to big to fail" look like the oil industry at the turn of the century. I hate to say it X, but Bush got it right for the first, and only time in his life.
@MJay101 (710)
•
16 Dec 09
Bernanke is a total ar$e.
There is no reason to make him "person of the year".
He is inept, clueless (check out some of his words in 2006, 2007 regarding real estate bubbles), and presides over one of the shadiest organisations in the developed world.
Whilst I'm actually British, I fully support the 'audit the Fed' proposition currently being put forward by various quarters.
@xfahctor (14113)
• Lancaster, New Hampshire
17 Dec 09
I not only support the auditing of the FED, but the complete restructuring, if not out right abolishment of it. This is an institution that not only greatly effects my nation, but yours and nearly every other nation on earth.
there are also long standing constitutional questions with it's very existence. You see, by our constitution, only the congress has the power to create currency, not only is the FED NOT congressional, it isn't even a government insitution.
