The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: the navigator who wrote (18827)	3/19/2009 11:02:36 AM
From: bull_dozer	Read Replies (2) of 71426

Bernanke Inserts Gun In Mouth We've all stuck guns in our mouths and are now threatening to blow our brains out. Oh, and each of us is holding a dead-man's switch to a thermonuclear weapon, strategically placed somewhere in the United States economy. If one goes, we all go, and so do you - this is a murder-suicide pact, and you're the potential homicide victim. Have a nice day. Folks, this is the most frightening statement I've read from the FOMC - ever. Notice what's missing - the statement just a few days ago from Ben Bernanke in which he said that the economy would recover in early 2010, and the recession would end in late 2009. If this was the base case the FOMC believed, there would be no reason for the actions taken today. Monetary policy has a six month (or thereabouts) leadtime, which means that should Ben believe what he spewed on 60 Minutes then his actions to date were sufficient to fix the problem, needing only the fullness of time to flow through the system and restart credit creation. I believe Ben knows what he said on 60 minutes was a lie. market-ticker.org

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