Here is confirmation from Ben's own mouth of what I've been anticipating for months:
Forget about relief for beleaguered homeowners. They will stay underwater on their mortgages while Helicopter Ben drops more dough into bank balance sheets. Banks win, people lose. Score one for the ruling elite.
The Great Re-Inflation of 2009 is underway from two fronts: Fed loans to banks and fiscal spending for poorly planned infrastructure improvements. How am I playing this? Gold.
Federal Reserve Chairman Ben S. Bernanke warned that a fiscal stimulus won’t be enough to spur an economic recovery and that the government may need to buy or guarantee banks’ tainted assets to revive growth.
Forget about relief for beleaguered homeowners. They will stay underwater on their mortgages while Helicopter Ben drops more dough into bank balance sheets. Banks win, people lose. Score one for the ruling elite.
The Great Re-Inflation of 2009 is underway from two fronts: Fed loans to banks and fiscal spending for poorly planned infrastructure improvements. How am I playing this? Gold.
