Bernanke: 'Low' Inflation Proves Economy Still Needs Fed's Help
Submitted by bobbyw24 on Fri, 02/04/2011 - 07:49in
Federal Reserve Chairman Ben Bernanke said that despite recent signs of improvement in the U.S. economy, the recovery still needs help from the Fed. "Although economic growth will probably increase this year, we expect the unemployment rate to remain stubbornly above, and inflation to remain stubbornly below, the levels that Federal Reserve policymakers have judged to be consistent over the longer term with our mandate," he said.
http://www.moneynews.com/Headline/Bernanke-Growth-InflationS...
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Yep inflation is low EXCEPT if...
Inflation is low except if:
1) You need to pay for an education
2) You own property and have to pay property taxes
3) You need any sort of medical care
4) You drive a car
5) You collect PM/coins
6) You buy commodities on an exchange
So other than education, health, raw materials, and taxes inflation is non-existent. Now as soon as some inflation starts showing up in the fed's bullshit calculation they change the calculation to include/exclude/substitute MORE BULLSHIT. Nothing to see here move along.
ha
ha
Marc Faber Calls Bernanke A Liar, Thinks US Inflation Is Running
http://dailypaul.com/156011/marc-faber-calls-bernanke-a-liar...
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bump
Lies and fraud just never stops...
Twitter: http://twitter.com/LibertyPoet
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STAND WITH RAND 2016
the bernank is full of stinky
the bernank is full of stinky brown stuff.
When Ben said this, gold shot straight up!
I wonder what would happen to gold if Ben came out and said "We're all gonna die!!"
"I support the Declaration of Independence and I interpret the Constitution."
As my family drove in Dillon, S.C. near
"South of the Border," we saw the Ben Bernanke Interchange on I-95. All I could think was "Ben is Yummy."
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LOL!!
It's good to see you bobby!! Keep those great articles coming! :)
"I support the Declaration of Independence and I interpret the Constitution."
Central Banks Now Creating Hyperinflation?
Free-Market Analysis: The decision of both Ben Bernanke and Jean-Claude Trichet (left) to ignore rising commodity prices by keeping interest rates low in the Eurozone, may mark the final decisive failure in the latest disastrous central banking cycle. If money velocity continues to rise, one might fairly accuse top bankers of, in a sense, purposefully destabilizing the system. Such actions verge on the reckless. Trichet is likely risking severe price inflation and perhaps hyperinflation.
Central banks have pumped something like US$20 to US$50 TRILLION into the world's economy to try to reinflate economies that collapsed in 2008. As this currency begins, finally, to circulate, price inflation must result, unless such money is quickly removed. Central bankers have continuously claimed that excess currency can be removed from the larger economy before it does its inflationary damage, but Trichet's decision shows how difficult it is to actually withdraw currency once it is "printed." Central banking, after all, is an art not a science.
http://www.thedailybell.com/1735/Central-Banks-Now-Creating-...
High inflation anyone? Any
High inflation anyone? Any takers??