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Fed fell on own "Sword!" Pleas it warn't nothing. "Fight Back!"

Fed won't fall on its sword, Bernanke says [after the fact that it did]. - Feb 2011, "Sword Fight Speech."
February 18, 2011

WASHINGTON (MarketWatch) -- The Federal Reserve isn't going to fall on its sword to save the world economy, Ben Bernanke said Friday.

The Fed... this weekend's meetings of the Group of 20 [central banker] finance ministers.

If emerging markets have a problem with too much capital flowing into their economies, they should fight back...

with their own monetary policies, rather than demand that the Fed do their dirty work, he said...

...Fed's easy money policies are having bad unintended consequences in emerging markets. They [those foreigners] say that all those dollars being created by the Fed are flowing into commodity markets and emerging markets, creating inflation, currency imbalances and asset bubbles. They insist that the Fed stop trying to reinflate the U.S. economy. [They are correctly cited.]

Bernanke's response: The Fed... doing... U.S. economy [in]. If China, or India, or Egypt have a problem with that, it's up to their authorities to recalibrate their own policies. It'd be really good, for instance, if China would allow its currency to appreciate [relative to US "legal tender" becoming the toast of National Cash!]

Bernanke spoke from his own painful experience. The Fed... failed... The result was a global disaster.[Seriously!]

... he owned [& loaned] up to his share of responsibility for the disaster: "The primary cause of the breakdown was the poor performance of the financial system [... his loans of your cash,] and financial regulation in the country receiving the capital inflows, not the inflows themselves." [Foreigners not blamed. IMF not blamed.]

But... cooperation is easier said than done. - Uncle Ben, w/o reserve, 2011


Système d'apport de Liquidité, 1913!

Toast! Everyone, drink up! Toast! To System of Liquidity!, 1913

Twain Summary: Working & stumping for a foreign corporation, the Immaculate Money Fountain (IMF), Uncle Ben tours France with a whistle stop in Paris.

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Thanks, Mark Twain

You all are as quick as jackrabbits to post news we can really use!

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15