Last weekend, Ben Bernanke took an unprecedented gamble for a sitting Fed Chairman: he granted a long-form interview to 60 Minutes, America’s most watched news program. There can be no doubt that the interview came about as the result of a coordinated strategy between the Obama Administration and the Federal Reserve. But was the decision to offer the public a rare look at the inner workings of the central bank an act of resolution or desperation? FULL ARTICLE
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8 comments ↓
I don’t think either option was the reason – the fed is the most secret part of the workings of this country. Laws protect it from being audited. All that money, and we can’t even count it.
The fed has no reason to open up – the reason for that interview was for propaganda. nothing else.
I choose to think that it was an attempt to change the way business is done in Washington. I like to call it transparency.
This is what we need to demand. And if we don’t get it we need to get rid of the Party.
We the People need to let the Washington Establishment know that we are not going to take it any more and then if necessary we need to prove it.
Its kind of like defending yourself with a gun. If you put a gun on a burglar you need to be ready to use it if necessary. Otherwise it might become his weapon.
If there’s anything that the fed – or bernanke – is not, it’s transparent.
These people know what they’re doing, and they’re just trying to run the media machine to whip up support.
Utter criminals
hyperinflation on Weimar scales is on the way thanks to Helicopter Ben!
http://tinyurl.com/clck4y
mB
It is the natural order of things that inflation follows the inflection point along the curve from a recession or Depression. This is something seen in Global Warming or Ice Ages. And it is a natural order of most things. Just about everything reflects this phenomena.
Yes there will be inflation. The problem will be for the Fed to manage it and keep it to a minimum.
The important thing to note is that inflation is an increase of the supply of money. Rising prices is the result of inflation.
We have a massive amount of inflation already – the question is, when and by how much, will our prices be rising.
Helicopter Ben Bernanke is swamping us with Massive Quantitative Easing….The Undertow is likely to destroy us all!
http://fargoneworld.blogspot.com
If, by quantitative easing, you mean that Bernanke is preventing businesses from failing by borrowing and inflating like a mad man, then I’d say you’re right, Two Blade.
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