With QE2 set to end in June, Bernanke held a press conference today. He continued to lie that inflation was tame. However, he admitted the economy is not as strong as the media has been hyping. In fact, he hinted that QE3 might be in the works.
With a subtle wave of his baton, the aspiring Maestro may have started the music for another round of Federal Reserve monetary easing.
Ben Bernanke, chairman of the US central bank and keeper of the keys to stock market money flows, oversaw a tweaking of wording in the Fed’s post-meeting statement that had trading floors buzzing.
The statement, which preceded the chairman’s first-ever news conference following a Fed Open Markets Committee meeting, simply stated that the group will “ regularly review the size and composition of its securities holdings in light of incoming information and is prepared to adjust those holdings as needed to best foster maximum employment and price stability.”
So Ben Bernanke has decided to continue 3rd World style debt monetization. Destroying America’s living standards just to produce inflation related phony numbers is a crime in my opinion. Clearly he is in cahoots with the Obama regime and is pursuing a failed economic policy. Ben Bernanke needs to be removed for his irresponsible actions.
Tags: 3rd World Liberation Movement, Ben Bernanke, Debt Crisis, Monetization of Debt
