Every now and then the Nobel Prize committee awards that honor to somebody that makes you go “WHAT!?
For example, the New York Times’ Paul Krugman received a Nobel Prize in Economics in 2008, and you know how accurate his track record has been.
Then, just a year later in 2009, Barack Obama received a Nobel Peace Prize for his future work to promote world peace and international diplomacy. Obama was of course proud to accept an accolade for things he hadn’t yet done:
All around that time frame there was a financial crash, and with that in mind guess who’s one of the people receiving this year’s Nobel Prize in Economics?
The @NobelPrize in Economics is being awarded to the architect of the current global economic collapse, former Fed Chairman Ben Bernanke, for his work creating worldwide hyperinflation https://t.co/ILEIpR3vR9
— Tom Elliott (@tomselliott) October 10, 2022
It’s said often, but you can’t make this stuff up:
Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises.
The three US economists were recognized by the Royal Swedish Academy of Sciences for their work in the early 1980s, which the institute said provided the foundation for our modern understanding of why banks are needed, their chief vulnerabilities and how their collapse can fuel financial meltdowns.
Bernanke, who led the US central bank during the 2008 global financial crisis, received the award for his research on the Great Depression. His work showed that bank runs were a decisive reason the crisis became so severe and entrenched.
This seems a little bit like giving the captain of the Titanic a seamanship award after the sinking.
This reminds me of when the @PulitzerPrizes awarded the NYT and WaPo prizes for their work laundering disinformation as "journalism" during the Russiagate hoax (even refusing to withdraw the prizes after the work was debunked)
— Tom Elliott (@tomselliott) October 10, 2022
Read the room, Nobel committee.
Our economic problems right now are at least partially because of Bernanke and his econ views… https://t.co/qr30Mcg1Cr
— Pradheep J. Shanker (@Neoavatara) October 10, 2022
The Nobel committee does “read the room,” but only the room they are in, and it’s full of out-of-touch elites.
Ben Bernanke was Chair of the Federal Reserve of the United States (2006–2014).
That was during the time frame where the Fed balance sheet went form $900 billion to $4 trillion …
Here was the Fed balance sheet taper plan that clearly failed monumentally. pic.twitter.com/DvzMKziYVu
— Wall Street Silver (@WallStreetSilv) October 10, 2022
Bernanke really nailed it at the time:
Flashback! @NobelPrize economist Ben Bernanke, March 28, 2007: "The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained" pic.twitter.com/EjaYZ2qsTX
— Tom Elliott (@tomselliott) October 10, 2022
Give that man a Nobel Prize!
Helicopter Ben just won the Nobel prize…thoughts? pic.twitter.com/3yuypkwEeG
— Charles V Payne (@cvpayne) October 10, 2022
Yeah, just a few thoughts:
The Nobel Prize is nothing more than a participation trophy for corrupt "elites." https://t.co/GunMLXg0VB
— 🌙🌴CarolinianGreen (@CarolinianGreen) October 10, 2022
https://twitter.com/PaulCannon64/status/1579451106979385344
https://twitter.com/BushidoBlade61/status/1579416424619331586
Unreal.
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