Wednesday, 24 November 2010 08:27
'I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not succumb to drug addiction, political abuse, and mad intoxicated debauchery, once it began taking its first shots of quantitative easing.
My pathetic assumption was that Ben Bernanke would deploy further QE only to stave off DEFLATION, not to create INFLATION. If the Federal Open Market Committee cannot see the difference, God help America. We now learn from last week’s minutes that the Fed is willing “to provide additional accommodation if needed to … return inflation, over time, to levels consistent with its mandate.”
NO, NO, NO, this cannot possibly be true.'
Wednesday, 24 November 2010 08:14
'What is the most immediate danger for 300 million Americans from the limitless bailout of the most politically powerful special interest group in America, the bankers of Wall Street? Author and financial expert Daniel R. Amerman, CFA, illustrates the very real danger of a 12% to 28% plunge in the standard of living for the average family, and shows how it could occur in a matter of weeks or months.'
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