From Jim Sinclair:
Believing what you read in the pre-election weeks, especially what is attributed to friends, is risky business. However, let us assume that there is some truth to this. What would it mean?
When Greenspan’s term was up what did it mean? It meant pretty much the end of the monetary system was at hand, and Bernanke was Greenspan’s bagman for the fallout. If Bernanke leaves then the monetary mushroom cloud is visible in the horizon and he has no tools to prevent it. The new Chairman could be nothing else but Bernanke’s bagman for a disaster of colossal proportions.
If Bernanke leaves, the jig is up.