The US is on the Brink of Financial Disaster -Bernanke

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earthwise's picture
earthwise
Status: Platinum Member (Offline)
Joined: Aug 10 2009
Posts: 846
The US is on the Brink of Financial Disaster -Bernanke

 

For those of us who have expressed frustration about having a spouse, friend or relative that's hard to convince of the danger to the economy, perhaps if they hear it straight from the Fed Chairman himself..........

http://www.economicpolicyjournal.com/2010/10/bernanke-tells-truth-united-states-is.html

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Re: The US is on the Brink of Financial Disaster -Bernanke

Cripes!

You'd think that would have been front page news. I particuliarly like this line:

But history makes clear that countries that continually spend beyond their means suffer slower growth in incomes and living standards and are prone to greater economic and financial instability.

!?!?

OK. So why are you doing so much QE?

Bizzare.

 

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