Yes, and I will use small words. Bernanke controls the rate at which US currency (money) is borrowed. The US dollar (money) is the standard by which all other world countries use. The result is that he controls inflation. Inflation affects how much food, clothing etc. you can buy with you paycheck.
These are important things, no?
If it were OH SO SIMPLE then why is america sitting in a FINANCIAL SHITHOLE TEN MILES DEEP???
And in case you forgot that so called DOLLAR STANDARD you are talking about has been DROPPED. Your politicians just have not told you so. The Europeans, Chinese, Middle Easterners, Russians and even the South Americans are using different denominationis other than the dollar. You have been told that the dollar is about to "BE NO MORE" when it was announced that a "BASKET OF CURRENCIES" would now be used as the STANDARD...
I am going to love watching you american kill one another in droves as the world moves on to new currencies, new governments, new operation centers and you are left scratching your ass wondering what happened? what do I do? How do I survive??