Bernanke Does Damage Control On 60 Minutes (Video)
Chairman Bernanke, who did not see the biggest crash in history coming, doesn’t see unemployment retreating to more acceptable levels (5 to 6%) for another 5 years or so. I’m left to wonder if Congress will extend unemployment benefits for that long, thoughts?
Unemployment insurance was designed to last the average recipient 26 weeks, roughly 40% of those drawing unemployment, currently, have exceeded that time period.
Of course, Bernanke plays the evil scare card – deflation – in the CBS 60 Minutes interview, however, the only deflation we’re likely to see, will be our bank accounts dwindling. The monetary base has exploded and there is absolutely no sign of deflation, see chart.
Bernanke claims “we’re not printing money,” however unless money grows on trees in Bernanke’s backyard, it comes from somewhere (The Fed has pumped over $4 trillion into the economy since 2008).
Bernanke is 100% sure he can master-plan the economy by tweaking monetary policy, rest assured, he’s 100% wrong.
Ironically Bernanke closes the interview wishing he could have seen the crisis (Panic of 2008) coming, but he didn’t, and he doesn’t see the failure of his unprecedented policies either!
Read more at CapitalistBanner.com
Source:
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.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.