Ben Bernanke: Staying afloat or floundering around?

February 27th, 2008 | Category: Bad News, Consumer Experience

Federal reserve chairman Ben Bernanke continues to drift his raft of profitable strategies upon a wad of fake money. His song and dance has provided us with no real relief. Someone at some point must have convinced him that lowering interest rates is fun and exciting. He believed those lies and now it’s his hobby. Has it provided any positive benefit of any real consequence in terms of the expanded term picture? I think not.

Today and tomorrow, the Federal Reserve Chairman shall be addressing congress. He’s expected to tell them about how he has our economy under control. The fact

is that it’s approach totally out of his hands. The one possible exception is that he’s handily turned our dollars into wads of toilet paper. His major concern seems to be avoiding recession, which is an admirable goal, but someone forgot to wake the dear man to tell him recession is already here, aided by the fake dollars Bernanke keeps spewing upon the ground.

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Original post by Gary E. Sattler

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