» Blonde » Cheerleaders having massive orgy in lockerroom

Say Goodbye to the Holocene Epoch Collapse

A good thing too. "The US Government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost he said. Thanks to Bernanke, we failed and all of us and our children will pay dearly for.

Bernanke's collegial style worked at Princeton, where he taught. Besides, his 800 billion stimulus program is, at best, a waste of time, and at worse, contributing to rising Treasury yields and thus retarding the recovery.

The Fed also has two formal missions that are codified in law: to promote "maximum employment" (thus its duty to head off recessions) and, of course, to maintain a stable purchasing power, which is generally interpreted as keeping the inflation rate at a tolerable level. I think they learned a good lesson from it when the money markets started to panic. Certainly he knows this, and certainly (particulary given his econ advisers he's ignored SIC Volker) certainly he knows why there's pushback now.