ALERT: Elitist Bankers and Congressional Leadership Are Plotting to Stop Ron Paul
by Robert Wenzel
Economic Policy Journal
Friday, December 3, 2010
CBS is out with a tease on Sunday’s 60 Minutes interview with Ben Bernanke. It sounds like a full pop corn bucket performance (My emphasis):
In a rare and frank interview, Federal Reserve Chairman Ben Bernanke talks to “60 Minutes” correspondent Scott Pelley about the troubled economy and the measures the central bank has taken to improve it for a segment to be broadcast this Sunday, Dec. 5, at 7 p.m. ET/PT.
Bernanke’s interview took place in Columbus, Ohio, last Tuesday (Nov. 30) and addresses several pressing economic matters, including deepening unemployment, the prospects of a second recession and taxes. He also talks about the federal deficit and reforming the tax code.
He explains why the Fed announced its intention to buy $600 billion in Treasury securities, defending against charges the move will lead to inflation and not ruling out the purchase of more.
The Fed chair also addressed the federal deficit.
Bottom line: Bernanke is not in touch with the economy or the world—crude oil closed today at a two year high at $89.86. It is remarkable this man can say that there is no inflation threat. The inflation is here!