Federal Reserve Chairman Ben Bernanke told Congress he has an exit strategy to rein in excess growth in the monetary base when the time comes.  The problem is, any action that would reduce the bloated monetary base would do so by increasing interest rates, and Bernanke has also said he will keep interest rates…
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The Federal Reserve has now moved to escalate even further its inflationary jihad in a vain and highly dangerous attempt to “stimulate” the economy. As reported in the New York Times: The Federal Reserve entered a new era on Tuesday, lowering its benchmark interest rate virtually to zero and declaring that it would now…
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