Stories are allegories. The purpose is to paint a picture; to give a narrative; to show someone what happened or what will happen through a lens that can be understood by each person. This is an artful way of making a point. In Ben Bernanke's case, when it comes to the policy he sets, he does just that.
Around a decade ago, Bernanke gave his
now infamous "Helicopter Speech" where he alluded to throwing money
from helicopters. What everyone has recognized is that he is throu¥wing
money. What many have missed is the fact that he said he would do it
from helicopters. Why not a plane? Why did he choose a helicopter?
monied elite have certain codes they use. They think it gives them
power. They think it gives them power to tell the world their plans
because if the people of the world allow it then the people are not to
blame; just as the case of a vampire being asked in, if you hear what
their plan is, and you do not challenge it, you have allowed it, and
the blame rests on you for being complacent.
The word helicopter
was used because Bernanke insinuated that he would keep the economy in
a holding pattern while the plans were laid. Like a helicopter, stocks,
bonds, and fiat would hover at certain prices, elevated high enough to
keep the status quo, but not too low to crash. He would stay in this
holding pattern where he would throw his dollars around. This is the
code that he gave you, and this is what he is doing.
making his helicopter hover by issuing just enough debt, and although
oil and precious metals and some commodities have risen, pensions and
other programs have risen too because he has kept stocks up. Bonds are
not returning much but because they are going for a premium it is
keeping the market liquid. Since fiat is valued against other fiat it
is hard to tell that all fiat has been losing value, which is why
pricing it in gold is inportant. Yet since most do not price it in gold
and price it in Euros or other fiat, the dollar also remains high.
may seem perplexing that the dollar has kept value through a time of
massive debt, but the price (P*) is measured by the supply multiplied
by the volacity. The price would fall if both the supply and the
volacity were high, but since corporations, such as private and Central
Banks have been sitting on cash, the dollars are not moving. This is
why the dollars price (P*) has remained elevated, and also how Bernanke
is able to remained hovered above the world, spilling more and more
cash from above - because the percieved price of the dollar is held
constant due to his alchemist powers of creating money and keeping