Bernanke Signals What Is Coming
Monty Pelerin * EconomicNoise.com
It looks like Ben Bernanke is getting ready to exit. That is Mr. Bernanke, not the Federal Reserve. He is leaving before the roof caves in.
Bernanke is getting ready to vacate his position. Apparently Janet Yellen is dumb enough to replace him, although that is not yet confirmed. What kind of a person steps in front of a speeding train when there is nothing that can be done to stop it?
The Federal Reserve has no plans to exit. It is not possible based on simple economic observation. Even Mr. Bernanke agrees:
“I don’t think the Fed can get interest rates up very much, because the economy is weak, inflation rates are low,” Bernanke told the House Financial Services Committee.
“If we were to tighten policy, the economy would tank.”
By my count we are now in our fifth “Recovery Summer.” Of course this summer is no different than the previous four. There is no recovery, there can be no recovery and there will be no recovery.
The Fed has no way to reverse the expansion in its balance sheet. Nor does the government have the means to service its debt and promises. All that the Fed has achieved is to extend the terminal patient’s life by providing life support. Once the plug is pulled, the patient dies. The economy, the financial system and government’s ability to pay its bills will die simultaneously.
Yes, it is that simple. Nothing can be done to avoid this fate! We are too deep into an economic death spiral.
http://www.economicnoise.com/2013/07/20/bernanke-signals-what-is-coming/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
December 21st, 2012!! I remember that one!!
How did YOU survive?
Do what brother Bernanke say!