The Federal Reserve and Ben Bernanke want the collapse of the U.S. Dollar

In a time of economic crisis, it is quite an inflammatory thing to say that Ben Bernanke wants to purposefully collapse the U.S. Dollar.

Yet, it is exactly what I'm saying.

It's been estimated that the U.S. government borrows a billion dollars each and every day which is spent on energy costs. This doesn't include money borrowed daily on to cover other expenses. The estimate in that case is closer to 3 billion. This is in addition to the trillions of dollars of debt that are currently on the books. This money is borrowed in the form of government bonds, most of which are sold to the Chinese government.

This is where Bernanke and The Federal Reserve are playing a neat accounting trick. Some would call it genius, some would call it evil. I call it fraud. They can't break their promise to pay back investors and lenders, but they can make the U.S. dollar lose 20% of it's value. As such, the American government ends up paying 20% less on their debt because the value of the dollar is simply watered down.

Unfortunately for the United States, the biggest lender/bond buyer, the Chinese government, is now creating the world's biggest market. Once this is a fait accompli, the Chinese will no longer need to support the U.S. marketplace by buying bonds that are not giving them a full return.

I'm afraid that when this happens, the U.S. will have past a point of no return. No longer able to sell bonds to their biggest buyer, no longer able to borrow and stuck with a dollar with a fraction of the value it once had.

All of that to save money on paying the bills. Bernanke's vision is not one I agree with.