Earlier this summer, a representative asked Fed Chairman Ben Bernanke if the U.S. was going to bail out Greece. Bernanke’s answer was an indignant “no.”
Later, the IMF gave a trillion dollars to Europe. Of that amount, $315 billion came from the U.S., and Europe was saved. Hurrah!
What’s a little lie among friends?
A retired Fed board member once stated, “The power of the Fed is infinite.” That kind of arrogant statement was just the sort of thing that Shakespeare so copiously utilized when he wrote his tragedies.
The Fed has publicly declared that it will not answer to, not be controlled by, our duly-elected officials.
Nothing was ever said about the $315 billion. The representative has been utterly silenced by the “infinite” powers and their toxic minions.
The stimulus money is running out, unemployment remains high and the national debt is exploding in a thermonuclear fashion.
Only one thing seems clear to me — apparently we are firmly entrenched in the era of no good choices.
Andy Bennett, Buckfield
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