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Posts Tagged ‘Ben Bernanke’

BECKLEY— Deflation or inflation? First, let’s discuss deflation.  Simply put deflation is a lie.  Ben Bernanke and most modern economists realize it is a lie.  Why is deflation a lie? Simply because in modern economic systems currency has no real value.  So, if deflation comes along, which is to0 many goods with too few dollars, [...]

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ATLANTA— I keep watching the headlines, waiting for the big day to come.  Will it come in a bang?  Or will it play out over a year or two of painful, elongated decline?  The continued debasement of the dollar by our federal government through Barack Obama’s record deficit spending and through Ben Bernanke’s quantitative easing [...]

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  ATLANTA – Ben Bernanke has stepped in to do what he has been promising now for months, to monetize U.S. debt by purchasing $300 billion in longer-term Treasuries.   In layman’s terms, this is significant because the Federal Reserve is basically creating dollars out of thin air and handing them to the United States Treasury [...]

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  [Ben Bernanke] also dismissed concerns that expanding the Fed’s balance sheet would stoke inflation, pointing out that with global economic activity so weak and commodity prices low, there was little risk of unacceptably high inflation in the near term.” —At the National Press Club, February 18, 2009. From the Great Depression, to the stagflation [...]

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ATLANTA— Barack Obama announced on his radio address today that without action, the U.S. economy could lose hundreds of thousands more jobs- pushing unemployment above 10%.

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ATLANTA – The Dow fell 678 points yesterday and is set to tumble further today.  The Dow closed under 9,000 yesterday for the first time in FIVE YEARS.  These events are shocking and are evidence that

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Our entire economy is in danger” —George W. Bush, September 24, 2008 ATLANTA— Will Mr. Bush’s speech tonight help or hurt the economy?   To stand publicly as the leader of our nation in front of millions of viewers and declare that the entire economy is in danger of potential collapse is a very delicate and [...]

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