Bernanke Inserts Gun In Mouth
The Fed has a very limited toolbox at its disposal to combat the deflation we are currently experiencing (at least as far as personal wealth is concerned).
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Ben Bernanke may think he can extricate The Fed from this outcome before it happens. But I must ask - exactly why would anyone believe that? He hasn’t been able to extricate himself from anything he’s tried thus far.
The danger here is that this really is “the last bullet in the gun.” If it fails, our currency and political system would appear to many who read this to go down the toilet in a hyperinflationary detonation.
Not so fast grasshopper.
See, if he fails, it won’t be simply a United States phenomena. Quite to the contrary. That failure will in fact be global - Bernanke has guaranteed it by tying The Fed to every other major central bank in the world via his “unlimited swap lines.” We may be a cheap $5 hooker in the bar, but of the hookers, we’ve got crabs and everyone else has AIDS!
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