There! He Said it: Without QE the Economy Would TankSubmitted by Smaulgld.com on Mon, 07/22/2013 - 07:53
Google "Ben Bernanke if we were to tighten policy the economy would tank"
You won't find that quote in the NY Times, USA Today, MSNBC CNBC, CNN etal.
Yet Ben Bernanke said those precise words last week.
It didn't go unnoticed here at the DP.This post by emalvini: http://www.dailypaul.com/293126/bernanke-confirms-if-we-were...
post got 13 up votes and nine comments, hardly the type of reception you would expect from a block buster admission coming from the Fed Chairman.
There is a video posted on the Smaulgld blog from Bloomberg covering Bernanke's statement that has at this moment just 349 views!
Right out in the open the Fed Chairman admitted our economy is based solely on printing money (QE) and barely anyone noticed!