Financial Times: Ben Bernanke: Vows No Retreat On Easing Policy:
In testimony to US Congress on Wednesday, the Fed chairman Ben Bernanke told the House Financial Services Committee the US Federal Reserve would support a weak economy for the foreseeable future as he sought to calm fears that have rocked global financial markets in recent weeks.
Gerald Celente Trends In The News 18.07.2013:
“Read the Financial Times, read the Wall Street Journal, read The New York Times, nowhere will you find the words he also said at that hearing…
‘I don’t think the Fed can get interest rates up very much, because the economy is weak, inflation rates are low. If we were to tighten policy, the economy would tank.”
…. the headline should have been… ‘If We Were To Tighten Policy The Economy Would Tank.’
If interests rates go up, the economy goes down. It’s one big ponzi scheme for everyone to see, but no ones talking about it like that…. As American makes war, China makes business.”
Max Keiser London Real interview Published 16 May 2013:
“Quantitative Easing is beneficial to those close to the source; to the people who get first crack at the money. The joblessness creates outrage: Occupy Wall Street; we saw crash JP Morgan buy silver. Apparently, Satoshi Nakamoto had objections to the banking system; Bitcoin was his answer to take it to another level. Corrupt central bankers, accountants and lawyers have created a vacuum into which come social protests, social campaigns and a new virtual currency which the establishment realise is something threatening…
They are scared of Bitcoin because they can’t manipulate it; they can’t regulate it the way they are not regulating everything else. Bitcoin is a true supply and demand currency; they don’t want to true supply and demand. If there was true supply and demand in the interest rate and bond market, interest rates would be nearer 5-6%, not 1½ % on a 10 year bond; Paul Krugman writes an editorial in New York Times where he’s fellating Ben Bernanke in public… as an American, I cried.”
(about 40:00mins Max’s outburst against Krugman and Bernanke)
Ned Pamphilon, NPP 19.07.2013
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