Bernanke's trillion dollar gamble on the US economy
Monday, March 23, 2009 at 9:39AM by Roger King
Roger King, contributor to The US Report. Click the photo to visit King's website.Although the recession has left many hurting and out of work, the feds are implementing an unproven theory called "quantitative easing." This approach has the potential of not only causing a depression but hyper-inflation as well. What has occurred to cause the Feds to implement this action? Walt Zimmerman vice-president of United ICAP explains that our economy is experiencing a combination of collapsing equity markets, real estate markets and commodity markets. This combination of events is so rare that it has not occurred since the Great Depression. Zimmerman explained the circumstances of a hyper-inflationary depression on Glenn Beck (Mar. 19). Follow the link in 'References' below to see the video at YouTube.
The New York Times (Mar. 23, ’09) said, "Federal Reserve Chairman Ben S. Bernanke, initially criticized for being too academic and slow to respond to market worries, has presided over some of the most interventionist and controversial Fed actions since the central bank’s founding in 1913." So why would the very liberal NYT see Bernanke's actions as interventionist and controversial?
