“Last week Federal Reserve Chairman Ben Bernanke delivered what may well be his last Congressional testimony before leaving the Federal Reserve in 2014. Unfortunately, his farewell performance was full of contradictory comments about the state of the economy and the effects of Fed policies on the market. One thing Bernanke inadvertently made clear was that the needs of Wall Street trump Main street, the economy, and sound money. Quantitative easing (QE) and effectively zero interest rates have created paper prosperity, but now the Fed must continuously assure Wall Street that the QE spigot will not be turned off.”
http://www.lewrockwell.com/2013/07/ron-paul/dont-let-the-bronze-door-hit-you-on-the-way-out/
Related posts:
Trump's Space Force is — sadly — an extension of existing national security strategy
Bernanke's Plan...If He Identifies Bubbles
How a $1 Bag of Salt Water Becomes a $546 Bill at Hospitals
Gun Violence is Not a Republican Problem
Glenn Greenwald: Three key lessons from the Obama administration's drone lies
Federal judge says St. Louis police targeted protesters for retaliation
The West Is Closing Its Doors - To Westerners Themselves
Over 600 kids at the U.S. border were taken as their parents were jailed
Where in Constitution Is CIA Absolved of Its Multitude of Crimes?
The Deep State’s Christmas Present to America: Surveillance That Never Ends
James Bovard: Facebook/Russia farce shows lawmaker deviousness, demagoguery
Facial Recognition Toll Booths Identify Drivers And Passengers, Notify Police In Seconds
Hoisting the false flag
Congress and POTUS Agree: The President Can Bomb Whomever, Whenever
Free Movement for U.S. Goods But Not for U.S. Citizens?