Tuesday, March 10, 2009

Weekend At Bernanke's

I've been listening to Benny of the Fed speaking to the Council on Foreign Relations. This Owners' Jamboree of banksters heard the B man explain that it wasn't the Federal Reserve lending out the same Federal Reserve notes over and over again forty or fifty times. No. The problem with the economy is the money wasn't borrowed wisely by the suckers who borrowed the spaces bucks the Board was re-lending out as much as they could get away with.

Benny says the answer is give the Federal Reserve Board oversight over the economy. And many of you amigos said I was crazy for warning you that even a little collectivism would lead to more and more collectivism. These days our politicos and pundits alike speak of nationalization of this industry and that more so it seems than even Chavez. For shame on them and those who still support and elect them to represent us all. For shame!!!

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