Aug 16, 2009

Fred Hickey on Bernanke's claims that he is not monetizing the debt

I watch every week as tens of billions of dollars are created out of thin air by the Fed in order to purchase U.S. Treasuries and mortgage backed securities. While Bernanke claims that he's not monetizing our debt, it's like a kid sitting in front of an empty plate with chocolate frosting all over his face claiming that he didn't eat the cupcake.

~ Fred Hickey, The High-Tech Strategist, August 3, 2009

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