Bernanke Plots Further Stimulus

Says Fed Would Consider New Stimulus ... The Federal Reserve chairman, Ben S. Bernanke, gave a subdued account of the economy's health Wednesday and said that the Fed was prepared to expand its economic aid campaign once again, if necessary, though such a step was not imminent. Less than a month has passed since Mr. Bernanke said at a press conference that the central bank intended to stand back and take the measure of the nation's sluggish recovery. Wednesday's remarks amounted to acknowledgment that so far, the news has been almost uniformly bad. "I think we have to keep all the options on the table," Mr. Bernanke said in testimony before the House Financial Services Committee. "We don't know where the economy is going to go." - The New York Times

Dominant Social Theme: The Federal Reserve will come up with another plan and it will be useful.

Free-Market Analysis: Ben Bernanke stumbles from one public relations disaster to another. Fresh off his ludicrous statement to Congressman Ron Paul (left) that gold is not money, he has indicated that he's ready to buy more of America's junk bonds using currency printed from nothing.

Will it help restore America's "greatness?" Nope. Essentially this is just another tax on the American people achieved by the roundabout method of price inflation. It may push prices of gold and silver through the roof, but it's not going to change anything about America's failing economy. In fact, it will make things worse. And perhaps that's just the point.

It's seems to us that it's Bernanke's job to make things worse. The Anglosphere power elites that apparently run much of the world want to run the rest of it and they are making an aggressive push early in the 21st century. Take a step back and the patterns seem increasingly apparent. A lot of it has to do with austerity.

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