“Chairman Bernanke admitted on stage before his peers, in full admiration of his failure and lost leadership, that the USFed has no more tools at its disposal, and that the USEconomy must recover on its own.”
“The US Federal Reserve is a failure, its franchise system a failure, its monetary policy a failure, its balance sheet a failure, its analysis chronically incorrect, its initiatives in backfire, its toolbag empty. Perhaps it is time for the USFed to resign its contract with the USCongress.”
Jim Willie CB
“Two requirements are basic in fostering a recovery, apart from necessary tax reform or regulatory reform. Neither required step will remotely occur, since doing so would remove from power the bankers who control the USGovt, the bankers who control the USDollar printing press, the bankers who profit from counterfeit and fraud. They will never order their own removal from power, their own ruin financially, their own exposure to criminal prosecution. Therefore the system will march along down the edges of the abyss.” Complete article here.
home: Golden Jackass website
THE HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.
At least 30 recently on correct forecasts regarding the bailout parade, numerous nationalization deals such as for Fannie Mae and the grand Mortgage Rescue.
Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at www.GoldenJackass.com. For personal questions about subscriptions, contact him at JimWillieCB@aol.com
— Posted Wednesday, 31 August 2011
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