Saturday, September 26, 2009
Greenspan like Bernacke gives the same song and dance that everything is okay or soon to be okay. Just listen to the supposed smart people and everything will be okay. Bankers of course wern't the ones who didn't require down payments and sold interest only loans and adjustable rate mortgages. The system has too much debt and we need to go through a debt deflationary depression. If government continues to just print money we could have hyper-inflation. Revolution is here. The same people who got us into the proplem will not get us out of it. Too much government is the problem.
This obviously needs investigated. Why should the Federal Reserve be so secret. If the Federal Reserve is audited the world will realize that it subsidizes the rich at the expense of everyone else. The Fed's balance sheet is worse than Lehman Brothers and Bear Sterns combined. Who's going to bailout the US government?