06-13-2012, 06:14 AM
"Back in 2005, even prior to being named Chairman of the Federal Reserve, B.S. Bernanke uttered the first of his Three Great Lies: the U.S. had a “Goldilocks economy”; where markets would keep going higher and higher forever, and the dreaded “R” word (recession) was nowhere to be seen – on even the most distant horizon.
That falsehood was immediately followed by another Lie, his promise of a “soft landing”; right after the U.S. housing bubble had burst, and right before the U.S. economy experienced its worst crash in at least 75 years. That, in turn, was followed by the third (and most enduring) Great Lie: that the last three years of the U.S. Greater Depression has instead been an “economic recovery”. However this analysis is devoted to the first of those three, monstrous deceptions.
Nothing serves to better illustrate a principle than contrast, since it provides us with an ever more-elusive commodity in the 21st century: perspective. So before I explain/demonstrate to readers what a real “Goldilocks economy” would look like (in Part II), readers will get a long, hard look at its exact opposite – Ben Bernanke’s bogus “Goldilocks economy”."......
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That falsehood was immediately followed by another Lie, his promise of a “soft landing”; right after the U.S. housing bubble had burst, and right before the U.S. economy experienced its worst crash in at least 75 years. That, in turn, was followed by the third (and most enduring) Great Lie: that the last three years of the U.S. Greater Depression has instead been an “economic recovery”. However this analysis is devoted to the first of those three, monstrous deceptions.
Nothing serves to better illustrate a principle than contrast, since it provides us with an ever more-elusive commodity in the 21st century: perspective. So before I explain/demonstrate to readers what a real “Goldilocks economy” would look like (in Part II), readers will get a long, hard look at its exact opposite – Ben Bernanke’s bogus “Goldilocks economy”."......
READ MORE...
SORRY Honey I dont mean to be so condescending its not personal! I love your posts and jump on them first to read, but I get tired of peoples blindness towards the central banking sytem and how it rapes and piliges the worlds assets and resources!