Monday, June 13, 2011

A Cautionary Tale for Robert�'Full�Menu'�Gates and 'Helicopter'�Bernanke by Karen Kwiatkowski

A Cautionary Tale for Robert�'Full�Menu'�Gates and 'Helicopter'�Bernanke by Karen Kwiatkowski:

"There is an amazing disconnect between the two enablers of the Washington D.C. oligarchy. One of these enablers is the Federal Reserve Bank of the United States, which just published their latest Beige Book. The 'Summary of Commentary on Current Economic Conditions by Federal Reserve District' is published eight times a year, and one assumes that the past 20 or so Beige Book reports would have been reporting a slow deep decline, with anxious notes regarding where the 'bottom' might be. But of course, that was not the case. Fed Chairman Bernanke has remained hopeful, appearing increasingly to be a wide-eyed idiot of a man, serving his role as government banker and chief printing officer with a dedication to false assumptions reminiscent of the Titanic’s Captain Edward Smith."

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