Submitted by Sizemore Investment Letter as part of our contributors program The following is an excerpt from the January 2013 HS Dent Forecast . Friedman reveals an arrogant "Fed-centric" view of the universe in which Ben Bernanke is an all-powerful godlike figure who can manipulate prices at will, like some sort of cartoonish James Bond villain. The writer used those words to mock the Bank of Japan for failing to stop the deflation that has been wrecking the Japanese economy for the past two decades-again, a central-bank-centered view of the universe.