Befuddled Clown or a Criminal?

In the post modern world wealth is simply a combination of what everyone believes and the techniques of monetary manipulation to make it so. There is no absolute reality to worry about and having forced the models to telling us what we want we can believe about monetary policy then age old techniques of printing more money to create wealth can be used with little reservation. The last week has been a clear combination of this.

Firstly, Bernanke, and anyone else they can garner, tells the world that they see light at the end of the tunnel for the US recovery and a return to growth in 2010, even though the market has told us that the Greenspan growth we are returning to wasn't actually growth at all. But none of this matters to an alchemist. All that is required is that everyone believes that the recession is ending then it will and the destruction of wealth of the Greenspan years will just become irrelevant.

Secondly, Bernanke has just injected 1 trillion dollars of new money into the US economy so we must be 1 trillion dollars more wealthy and with that kick to the economy we will be even richer when the multipliers set in.

The fact that money, one of mankind's great a priori inventions to facilitate the economy and the production of wealth, is not wealth but an information signal is lost on this poor man who understands nothing about the function of money. Just to remind him the function of money is to be a store of value, a medium of exchange and a unit of account and all of these are being destroyed as he sets off to create wealth.

The conjuring up of non market money leads to the misallocation of resources and corruption which he is aware, as is the entire world, as clearly the bad investments of the likes of Golman Sachs and bonus obligations of people who made these failed investments are being covered. So we must not discount the possibility that Bernanake is not a befuddled clown but someone who knows fully what he is doing and is engaged in criminal activities. Take your pick but can some please take this man off the stage before he really does some irreparable damage