Bernanke Lies To Congress & The Rule Of 72

Making breakfast and had to turn the live internet stream [LINK] of C-Span off. Not one Ás kloun in Congress could call him out on his lie that the Fed has been doing well with its dual Congressional mandate of stable prices and stable employment. Unemployment is 23% and inflation is, well see chart below. Core Inflation that Bernanke uses is meaningless – unless you can back out energy and food from your overhead.

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