Discussion in 'Current Events' started by wkmac, Aug 27, 2009.
The Age of Centralization
The Future of American Economy?
I'm a glass half full kinda guy so I see this if true as an opportunity.
Got lemons, I love lemonade!
August 27, 2009
Fed Official Speaks Truth
Posted by Lew Rockwell on August 27, 2009 07:54 AM
No, Bernanke did not say: “Read Ron Paul’s book to understand why the Fed is an enemy of prosperity, peace, and indeed, civilization, and should be abolished.” Instead, the head of the Atlanta Fed noted that the real unemployment rate, if we strip out the distortions Bill Clinton introduced, is 16%. Now all government statistics have their problems, but clearly this is closer to the truth. So now comes the question, since all these guys have their speeches vetted or written by DC, why is he saying this? To justify the zipillions in new money created by the central bank? To justify present and future money creation in the wonkillions? And now let’s acknowledge the pioneer of truer government statistics, John Williams of Shadowstats.com, who shows that if the unemployment rate is calculated as it historically was, it’s over 20%. So my headline was hasty. I should have said: Fed Official Fibs a Little Less. (Thanks to Norm)
Separate names with a comma.