Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

This Is The Most Shocking Part Of Bernanke’s Case For Quantitative Easing

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Joe Weisenthal
Business Insider
Nov 4, 2010

What’s amazing about the latest bout of quantitative easing is the total lack of pretense. By that we mean Bernanke isn’t even pretending that that QE would actually benefit the real economy.

We noted yesterday that buy concentrating buying at the short end of the yield curve, Bernanke was punishing savers (pinning short-term rates to the mat) and bailing out banks (keeping the yield curve steep).

But check out this line from his op-ed in the WaPo yesterday:

This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action.

Amazing. Bernanke’s evidence of success is the market pump-up. There’s not necessarily anything real behind it (though the economy is improving, at least against expectations), but Bernanke’s just happy to see the market rise.

Of course, he hopes the wealth effect from stocks will spill over into real economic gain, but it still reeks of manipulation and intentional bubble-blowing.

Having A Supply Of Healthy Foods That Last Just Makes Sense (AD)

This Is The Most Shocking Part Of Bernankes Case For Quantitative Easing 140410banner4

This article was posted: Thursday, November 4, 2010 at 10:07 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Sony Hack: What They're Not Telling You See the rest on the Alex Jones YouTube channel.

Help Baby Olivia Survive Her First Christmas See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.