Hello everybody and thank you for tuning in to the weekly report.

Destroy the economy, win a Nobel Prize.

Former Federal Reserve chairman Ben Bernanke is a 2022 recipient of the Nobel Prize in

Economics for his writings on how government could respond to bank failures.

Honoring Bernanke for his advice on what governments should do when banks fail is like giving

a far-safety award to an arsonist.

Bernanke was fed chairman when the housing bubble created by his predecessor Alan Greenspan

in the wake of the bursting of the Greenspan's tech bubble and the 9-11 attack exploded.

In the housing market collapse, Bernanke worked with Congress and the Bush administration

to bail out big games and Wall Street firms.

In the years following the meltdown, the Bernanke-led fed tried to stimulate the economy of the

massive money creation near zero interest rates and quantitative easing where the fed inject

liquidity into the market via purchase of financial assets including treasury bonds.

The fed's post-melt down policies produced sluggish growth in the FESC while laying

the groundwork for the next bus.

A sign that the next crash was around a corner came in September 2019 when the Federal Reserve

began pumping billions of dollars a day into the repurchasing market which banks used

to make overnight loans to each other in order to keep that market's interest rates from

rising above the FED's target rate.

The COVID lockdowns then gave the Fed an excuse to push interest rates to zero and massively

FEM quantitative easing.

The FED's actions are the prime culprit behind the price inflation plaguing America's

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