– Fed boss Ben Bernanke wary of political interference (BBC NEWS):
Politicians generally prefer holding interest rates low, as a means of stimulating the economy and boosting jobs.
“Such gains may be popular at first, and thus helpful in an election campaign, but they are not sustainable and soon evaporate, leaving behind inflationary pressures that worsen the economy’s long-term prospects,” Mr Bernanke said.
He made his comments in a speech at a conference in Tokyo on the future of central banking in a globalised economy.
“Thus political interference in monetary policy can generate undesirable boom-bust cycles that ultimately lead to both a less stable economy and higher inflation,” he said.
And who kept/keeps interest rates at an unprecedented low?
Who has been clearly untouchable and above the law for all these years but created the dot-com bubble and the housing bubble?
Bernanke knows what he is doing and so did Greenspan.
Guess where the European Central Bank got the money for the ‘nuclear option’?
Prepare yourself for the the greatest financial collapse in history:
“When the President signs this act [Federal Reserve Act of 1913], the invisible government by the money power — proven to exist by the Monetary Trust Investigation — will be legalized. The new law will create inflation whenever the trusts want inflation. From now on, depressions will be scientifically created.”
– Charles A. Lindbergh, Sr.
“I believe that if the people of this nation fully understood what Congress has done to them over the last 49 years, they would move on Washington; they would not wait for an election… It adds up to a preconceived plan to destroy the economic and social independence of the United States!”
– George W. Malone
“We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the FED. They are not government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers.”
– Louis McFadden
“It was not accidental [the 1929 stock-market “crash”]. It was a carefully contrived occurrence. … The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all.”
– Louis McFadden