Glabal warming Bernanke style?

Will Bernanke let the American economy drown in the raising tide of illiquidity? Is it time to grab life preservers or move to higher ground?

Michael A. Nystrom writing for Financial Sense University doesn't know, but he says Bernanke is in a bind in an informative (links) and humorous (link to Cramer melting down) post linked here.

Ben is in a bind - one that I certainly don't envy him for. He won't want to jeopardize his budding reputation as an inflation hawk by lowering rates. On the other hand, he doesn't want to cause a credit collapse, either. A severe collapse might herald the long awaited global cascading chain of cross defaults, followed by pervasive deflation, and the start of the second great depression. The irony would not be lost that the expert on the first great depression inadvertently wound up causing the second.

HT FinzToRite.