Bernanke is a criminal forcing Seniors to invest in the stock market
Bernanke is telling Seniors that Treasuries offer no yield so your are better off investing in the stock market and taking on risk that seniors should never be taking because they will lose their only source of income.
he is also forcing Seniors to seek out finanial advisor help and opens them up to scams because they are more vulnerable. That is Ben for you, don't give a fk about those who depends on money market rates. He was asked about that before, and I believe his response was typical cold stone faced Ben - that overall more participants benefit from lower rates in general - which essentially means, he knows there will be winners and losers so too f'king bad to those depending on savings rates.
I agree with hyper on this. Wipe out debt and restore the funds rate to 5.25%. People will leave the workforce and the UE rate will decline. Government will have to cut back, the beast is too large already. These 12 horns on 10 hills need to be brought under control.
Seniors are not able to afford to live on Treasury yields and he is forcing them to invest in other asset classes in order to generate enough income for survival. You never read the news about how more and more seniors are investing in the stock market and actually believing that Bernanke is trying to help them and the economy. Bernanke is Madoff and he has everyone believing that he is trying to help them.