Words like transitory, quantitative easing, extended period, and liquidity are used by Professor Bernanke to obscure what he is doing to the average American. He lives in a world of theories and models, while the rest of us live in the real world, where theories kill and impoverish millions.
Post Tagged with: "inflation"
August 17, 2011 06:10
1971 dollar now worth 18 cents
The “Nixon Shock” was followed by a decade of one of the worst inflations of American history and the most stagnant economy since the Great Depression. The price of gold rose to $800 from $35. The purchasing power of a dollar saved in 1971 under Nixon has today fallen to 18 pennies.
July 29, 2011 06:29
Ron Paul: “We will default by more inflation … we’re bankrupt”
“Nobody wants to admit the real problem and that is we’re bankrupt! … We have to change our idea about what the role of government is.”
July 27, 2011 05:55
MARC FABER: The Debt Fight Is Meaningless, As Governments March Toward Hyperinflation
“it doesn’t solve the fundamental problem of excessive debt and of further, very substantial deficits.”
July 12, 2011 06:53
Fed’s QE2: Begining of the End When Money Gone Offshore
[T]he government never actually got the money, which went straight into the reserve accounts of banks, where it still sits today. Worse, it went into the reserve accounts of foreign banks, on which the Federal Reserve is now paying 0.25% interest.
June 27, 2011 06:04
The Lies a Fed Chairman Tells
Schiff says Bernanke is lying. Peter Schiff blasts Ben Bernanke and the Fed’s policies in attempting to prop up the slowing economy. Schiff questions why anyone gives Bernanke any credibility regarding the economy because of his terrible track record.
June 23, 2011 06:41
Austerity American Style
How can taking money from Citizen A and giving it to Citizen B improve the outlook for both? To think that it could assumes that the government knows the best way to allocate resources. But everything I have ever seen tells me that this is not so.
June 13, 2011 07:57
The Fed’s $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went
[I]nstead of doing everything in its power to stimulate reserve, and thus cash, accumulation at domestic (US) banks which would in turn encourage lending to US borrowers, the Fed has been conducting yet another stealthy foreign bank rescue operation, which rerouted $600 billion in capital from potential borrowers to insolvent foreign financial institutions in the past 7 months. QE2 was nothing more (or less) than another European bank rescue operation!
June 7, 2011 04:02
Virtual Money, Ugly Reality
[W]e are on the threshold of another, far greater inflation. Unless we who lived through the last one recall the lessons we learned in the ’80s, not only are we doomed to relearn them, but we’ll do it while facing the greatest social upheaval in our history.
June 6, 2011 04:23
Government-Assisted Economic Suicide
There is no economic case for quantitative easing, nor has there ever been one. Quantitative easing is simply a political gimmick
