Will Bernanke Become ‘Hurricane Ben’?
This report will deal with quantitative easing (QE). To prepare you for this report, I ask you to watch a short video. It is under 3 minutes. This video is the best thing I have seen on quantitative easing. I wish Bernanke would be this forthright, but I suppose this will never happen.
I will assume from this point on that you have seen the video. If you deal with colleagues who have been confused about what QE really means, forward it to them.
The problem with the video is this: the economics profession, the financial services industry, the financial media, and Paul Krugman have not been able intellectually to make the connection that the interviewer did. He did it effortlessly, but the professionals who are paid to explain things to the public are on the payrolls of special-interest groups that have a direct financial stake in the continuation of the present system. When men are paid very well to see things in a particular way, they become impervious to alternative explanations of causes and effects.
Most of us are fully aware of the issue including Geithner and are determined to all possible to regain control of our national treasure
makings sure it will be in safe hands looking out for the USA.