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The whole reason for Bernanke and the fed employing QEII is because he says we need inflation...that inflation is good. But don't buy that for a minute. Very few in government or in the business arena agree with Bernanke over this.
But perhaps there is a hidden agenda. If inflation were to happen, it would drive up GDP. In other words, it would create the illusion of economic growth even though it would just be inflation causing it. That is not something any American should want.
Bernanke believes Deflation is more dangerous than Inflation...that lowering prices are bad and increasing prices are good. Even though there is no impericle data to support such a belief.
Yes, I think it's time to "End the Fed".
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 12-14-2010 at 02:42 PM..
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