Too-Big-To-Fail Banks Gamble with Bernanke Bucks
By Bill Frezza
As Congress and the President wallow in finger pointing and fiscal gridlock, Federal Reserve Chairman Ben Bernanke plows ahead with his plan to disguise the country’s economic ills by carpet bombing us with freshly printed money. Aided and abetted by the gnomes in the Bureau of Labor Statistics—who are doing their best to convince us that inflation remains at historic lows—Ben has promised to conjure up $1 trillion a year out of thin air until unemployment returns to a politically acceptable 6.5 percent.
Where is all that new fiat currency going, and why haven’t we seen it show up in double digit inflation? The answer should frighten you.
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