“Letting future generations bear the burden of population aging is appropriate”
Jan. 10, 2008 – “The Federal Reserve is not currently forecasting a recession.” “the economy “won’t” be too far from its full employment path, though.”
March 28, 2007 – “The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost.”
Huh? – “It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions”
….more HERE
Socialist economics.Nothing new here.Move along.
Its not what Ben says that seems to be so ridiculous and full of lies, its that the White House, Congress and the Senate, the MSM and liberals in general all believe and agree with what he says.
And then call all those who stand up and say otherwise; racists, fear-mongers and non-progressives…among other things.
The salutor lesson here is to remember the axiom that says, essentially; KEEP YOUR MOUTH SHUT!!!
If you want to understand the nature of the federal reserve and see what is in store for it, read the history of the world’s first central banking cartel, and its run with fiat credit, in Amsterdam during the Orange mercantilist-colonization era.
In the end the bank used investors and patrons capital for the benefit of the major share holders and in its final days these hair holding elites looted the bank and collapsed it – they were never punished and moved on to start up a similar central banking gambit in other European trade centers.
Bernanke is the fed’s sacrificial lamb. A face for angry patrons to throw eggs at while the big shareholders loot the bank. Observe how Fed reserve credit and security transfers have been allocated to their external interests. The Fed is a massive corrupt private credit fountain that benifits insiders and is underwitten by the US taxpayer. It’s a corrupt economic institution the US has outgrown and can no longer afford.