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Thursday, July 18, 2013

“If we were to tighten policy, the economy would tank.”

 http://www.couriermail.com.au/business/breaking-news/no-rate-rise-on-horizon-bernanke/story-fnihsevj-1226681221841

“I don’t think the Fed can get interest rates up very much, because the economy is weak, inflation rates are low,” Bernanke told the House Financial Services Committee.

“If we were to tighten policy, the economy would tank.”

There is no way out for Ben Bernanke’s policies. We’re toast either way. If we keep printing, we eventually hyperinflate our currency to oblivion, leaving our entire system of commerce at a standstill. If we stop printing the system “tanks,” as noted by the Chairman.

The end result, any way you slice it, these are good times...enjoy them while they last.

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