Ben Bernanke had no idea what was going to happen to the economy. Watch this collection of his statements from the past. This should be one reason to realize that we need to audit the fed. The fed manipulates the economy and we need to know what they do.

For those unfamiliar with those who say what was coming you can watch the following video compiling historical clips showing that Peter Schiff was right.

(HT: Mises.org)