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| A composed Fed Chairman Ben Bernanke |
With the
Congressional Midterm Elections coming up in just a few days, and our national economy once again increasingly contracting,
Fed Chairman Ben Bernanke has announced that
The Federal Reserve Banks are preparing to print a massive flood of new paper money. Meanwhile, this additional
Fiat Currency would be utilized to purchase public and private debts - in a
Keynesian policy euphemistically named: "
Quantitative Easing." The idea is to effectually lower
Long-Term Interest Rates and to spur
Economic Growth - through
Artificially Generated Market Liquidity... and as such, it is a historical economic measure of last resort!
With the entire balance of
World Economic History standing against him, one might ask why
Ben Bernanke is signaling such an ill-advised financial course? Doesn't he realize that every single nation - having traveled this path - has previously failed to navigate it? Of course, he does!
Ben Bernanke is a very well-educated and carefully-calculating man. So, what is really going on? And, do we really want to know what it is?
