All Posts Tagged With: "Federal Reserve Bank"

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US Federal Reserve Bank Sacrifices Dollar

The US Federal Reserve Bank has made it clear to currency traders that the US dollar will be sacrificed in a desperate effort to prop up the US economy.

In testimony before congress last Tuesday and Wednesday, The Fed Chairman, Ben Bernanke, spoke primarily of further downside risks to the economy while stating that he thought that inflation, while obviously increasing, could be controlled. I wonder if our Ben the helicopter man has taken a look at how the sinking dollar is affecting commodity prices.

Neither Ben Bernanke nor President Bush seem capable of speaking about a recession that is probably already underway. They both state that a recession will be avoided.

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19Mar2008 | taipan | 0 comments | Continued

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