On Apr 11, 2012, at 10:38 AM, c b wrote:
http://www.cnbc.com/id/41491193/
Bernanke to Congress: We're Much Closer to Total Destruction Than
You Think
www.cnbc.com
What a liar! "By definition, the unsustainable trajectories of
deficits and debt that the CBO outlines cannot actually happen,
because creditors would never be willing to lend to a government with
debt, relative to national income, that is rising without limit." As
the head of the Central Bank of a sovereign, Bernanke knows perfectly
well that he has both the power and the legal responsibility to lend
to the government every dollar needed to finance public expenditures
irrespective of the ratio of government debt to national income, no
matter how high.
Shane Mage
"All things are an equal exchange for fire and fire for all things,
as goods are for gold and gold for goods."
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