The devil we know is better than the devil we do not know
Benbernanke did a horrific job as a FED chairman he's done a good job in temporarily easing the pain but with major long run negative consequences
PETER SCHIFF
Tuesday, August 25, 2009
Benbernanke reappointed Peter Schiff Vlog 25 Aug 2009
Benbernanke did a horrific job as a FED chairman he's done a good job in temporarily easing the pain but with major long run negative consequences
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As a Canadian with the advantage of viewing the US economy from outside looking in, it is clear that Peter has it correct. However I believe that he is a little early with the hyperinflation thesis. I don't think all the money being puked into the system by government will hit the streets until deflation has played out, in the form of a massive selloff in the US markets. At the lowest point of market valuation, Bernake won't have much choice but to let that money, AND MORE OF IT hit the people.
ReplyDeleteWe live in a country that refuses to accept
ReplyDeleteany type of pain. I fear the days ahead when
acceptance becomes a cancer with no cure.
Do you really think that he makes any decision, in regards of US and global economy at all? I do not think so.
ReplyDelete