“This statement was Big News. It was such Big News that the Wall Street Journal ran a story on it. Why? Because when a regional Federal Reserve Bank president says the obvious is Big News, it means that he is opposed to tapering. It means that he thinks the counterfeiting of a trillion dollars of digital money a year is for wimps. What should the rate of counterfeiting be? He did not say. They never say. Their lips are sealed. This is what is known at the Federal Reserve as transparency. Opaqueness is when an official says something incoherent, which everyone in the media knows is incoherent, and they dutifully report as meaningful.”
http://teapartyeconomist.com/2013/09/05/fed-president-says-fed-inflating-enough/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
"We're building a domestic army": Marine Corps Colonel speaks out
Most Likely To Secede: The Rise of Nullification
Spoiled greens
Chemicals found in Syrian rebel facility were from Saudi Arabia
China’s bear market won’t last – these two economies show why
Russia won’t extradite Snowden to US – Kremlin
Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit
Indiana Supreme Court Upholds Drug Stop For Legally Tinted Windows
Reid: 'Anarchists have taken over' in Congress
Reality Check: What The Fiscal Cliff Means For Businesses, Employees & The Unemployed
Gold Gone? Germany baffled as Fed bars access to bullion
Burning Up the West: Feds, Greens Cause Catastrophic Fires
“Stomp on Jesus’ Name or Flunk My Class,” Says Professor. Student Refuses. Gone!
How Far Behind Detroit Are the Finance Troubles of Chicago, Los Angeles and Baltimore?
Bitcoin has arrived in Iran with a new website and a forum