“Everything he [Bernanke] has done in Washington over the past seven or eight years has been totally wrong and a total disaster and he has never been right about anything,” investor and author told CNBC.
I’m not sure that anyone or anything is totally wrong over the long term. However, I will admit this about Bernanke. Doing the “Twist” is not going to get us out of this hole. Twisting might have been great during the ’60s, but it is currently out of place now. Leave the twisting to Chubby! What the financial Twist accomplishes is to depress longer term interest rates in relation to shorter term interest rates. In other words the stupid idiot is flattening the yield curve and slanting it more toward inversion. Inverted yield curves cause recessions. We need growth not another recession. This guy seems bereft of even the simplest concepts in financial theory. We will get another recession in the not too distant future and I hope Wall Street and Congress hangs it around Helicopter’s neck.
Trade Forex where technology meets the world of finance; where technology meets foreign currency.
Our Forex platform was developed by traders who understand the needs of a successful trader.
PROTECT AND GROW WEALTH OFFSHORE
Protect Yourself and Your Assets against Devaluation of the Dollar, Currency Controls, Tax Hikes and Nationalization!
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
By Prieur du Plessis, on November 21st, 2011 posted in: 
Email
Byron Wien Announces “The Ten Surprises” for 2013
Prieur’s Readings (January 3, 2013)
Bob Farrell’s 10 rules for investing
Running 2012 NYC Marathon – a means to a better life for impoverished children
Prieur’s Readings (August 29, 2012): No “death of equities”
I’m not sure that anyone or anything is totally wrong over the long term. However, I will admit this about Bernanke. Doing the “Twist” is not going to get us out of this hole. Twisting might have been great during the ’60s, but it is currently out of place now. Leave the twisting to Chubby! What the financial Twist accomplishes is to depress longer term interest rates in relation to shorter term interest rates. In other words the stupid idiot is flattening the yield curve and slanting it more toward inversion. Inverted yield curves cause recessions. We need growth not another recession. This guy seems bereft of even the simplest concepts in financial theory. We will get another recession in the not too distant future and I hope Wall Street and Congress hangs it around Helicopter’s neck.