Ben Bernanke Plots More Mayhem?
by Anthony Wile
The Daily Bell
Hasn’t he done enough?
Apparently not. Meeting at an annual Jackson Hole central banking get-together, Federal Reserve chairman Ben Bernanke apparently announced his determination to continue to print money, thus further debasing the value of the dollar in his quixotic quest to save it.
Here’s how AP reported on Bernanke’s apparent intentions:
Chairman Ben Bernanke sent a clear message Friday that the Federal Reserve will do more to help the still-struggling U.S. economy …
He stopped short of committing the Fed to any specific move. But in his speech to an annual Fed conference in Jackson Hole, Wyo., Bernanke said that even with interest rates already at super-lows, the Fed can do more …
Some economists predict the Fed will unveil some bold new step as soon as its Sept. 12-13 meeting, possibly a third round of bond purchases meant to lower long-term interest rates and encourage more borrowing and spending. That policy is called “quantitative easing,” or QE.
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2012-09-02 05:39:20
Source: http://financialsurvivalnetwork.com/2012/09/ben-bernanke-plots-more-mayhem/
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