Ben #Bernanke on the hardest transition after leaving the Federal Reserve: looking for parking and waiting in airport security lines. Great personal perspective on leadership during the financial crisis. Talks like these were why I was excited to attend business school. #mykellogg#toobentofail
Ahhh the good life thanks to all those nice friends at the Private Federal Reserve Bank. It's so nice to live on the taxpayers new money. After they created $4,500,000,000,000.00 out of thin air to enrich the "in" crowd.
You would think these Federal Reserve people that do Nothing But look at what's happening in our economy, would feel the pain their actions have caused, but their greed has overtaken their souls I'm afraid.
We are reminded of the then Chair of the US Fed, Ben Bernanke’s comments in February 2007: “Our assessment is that there's not much indication at this point that subprime mortgage issues have spread into the broader mortgage market, which still seems to be healthy. And the lending side of that still seems to be healthy.” And then just one month before the start of start of the GFC sequence of events, in July 2007: “The global economy continues to be strong, supported by solid economic growth abroad. U.S. exports should expand further in coming quarters. Overall, the U.S. economy seems likely to expand at a moderate pace over the second half of 2007, with growth then strengthening a bit in 2008 to a rate close to the economy's underlying trend.” For the full article, visit ainsliebullion.com.au #gold#silver#shock#metals#paper#money#crash#bernanke#news#ainsliebullionnews