Wednesday, February 24, 2010

Bernake in hot seat

Chairman Bernake will testify today in front of congress. The situation at capitol hill is grim. Folks, our economy is not in recovery. Financial infrastructure is not as wonderful as we were led to believe by men in congress. In fact, things are bad and are getting much worse.

For how long can we keep printing little green pieces of paper? The world is awash in our soon to be worthless money and we keep printing more. The problem is that we listen to nonsense. The problem is not a spiraling deflationary depression, but inflation caused by banks being given excess money.

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