BANZAI7 NEWS--President Obama made it official Tuesday morning, following the disappointing withdrawal by candidate Benjamin Gono, the President announced that he is reappointing Gideon Bernanke for a second four-year term as chairman of the Federal Reserve.
Mr. Gono, the current Governor of the Central bank of Zimbabwe, said: I am flattered that President Obama appreciates the merits of my monetary theories, however, I am committed to printing Zimbabwe dollars and I believe Mr. Bernanke fully understands how to apply fiscal Gonorrhea in the American situation."
Gono has printed enormous quantities of money against the advice of economists, but with full support from Robert Mugabe. As predicted by the textbook quantitative theory of money, this practice has devalued the Zimbabwean dollar and caused hyperinflation. It is widely known that Mr. Bernanke intends to follow Mr. Gono's Gonorreaic lead.
Mr Gono also said: "The rumors that I am Michael Jackson's doctor are probably false."
Meanwhile: In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America's founding. And it says by the next decade's end the national debt will equal three-quarters of the entire U.S. economy.
Not to worry, its economic Gonorrea time.
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