How about a little trip down memory lane?

Who remembers the famous last words of Ben "The Bearded Clam" Bernake, back on the eve of the 2008 meltdown?

"We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system."

~ Ben Bernake, May 2007

Oops.

For a video compilation documenting several years of cluelessness from this Harvard and MIT trained "expert", have a watch, if you can fight back the nausea:

https://www.youtube.com/watch?v=HQ79Pt2GNJo

End the FED.