With Chairsatan Ben's days at the Fed officially numbered, it seems some enterprising Nigerian businessmen have already found a new (and far more reputable many would say) position for the man who never once in his Chairman tenure initiated a tightening cycle, and single-handedly exploded the Fed's balance sheet over threefold.
From: BEN S. BERNANKE <mr.ben_sb.nyfrb1232@hotmail.com>
Date: Tue, Oct 8, 2013 at 12:24 PM
Subject: From Chairman Federal Reserve Bank New York.
NOTIFICATION OF CREDIT FROM BANK FEDERAL RESERVE BOARD.
Attn: Beneficiary,
We have this 8th day of Oct. 2013 received a payment credit instruction from the Federal Government of Nigeria to credit your account with your full Inheritance fund of USD 10.5 Million Dollars from the Nigerian reserve account with our bank,Federal Reserve Bank.
However, you shall required to provide the followings datas below:
{1}. Your Full Name and Address.:
{2}. Your Confidential Tel, Cell and Fax.
{3). Your Bank name and address.:
{4). Your A/c Name and A/c Numbers.:
(5). Your Swift Code / Routing Numbers.:
(6). Your Current Occupation And Your Working ID.
Thanks for banking with Federal Reserve Bank while we looking forward to serving you with the best of our service.
Regards,
Mr.Ben S. Bernanke
Chairman Federal Reserve Bank New York.
Aside for the glaring inaccuracy in the Chairman's title, one which will be wrong on more counts than one come January, perhaps the Nigerian scammers have accidentally stumbled on the next "strategy" to be unleashed by the Fed: not NGDP targeting, not forward guidance, but direct bank wires of "inheritances" and other sundry reserve transfers from the Federal Reserve, in real currency, preferably in the millions, to any and every US citizen with an email account.
Because with ever louder laments that the Fed has failed to stimulate every economist's so much beloved inflation (in everything but asset, energy, food, education and medical prices), has failed to generate the wealth effect except for the wealthiest 0.01%, has failed to disintermediate the banks from the inflationary and monetary pipeline, is there really any better way to provide fiat injections to everyone than by unsolicited email, with scammy intent or otherwise?
h/t @LongShortTrader