Is Bernanke asleep at the switch...?
Of course, but Bernanke has the same problem that Greenspan had...the US economy is so TOTALLY DEFINED by Wall Street and Wall Street's "performance" that all other monetary considerations are secondary.
Remember: Back in the olden days we did not have our ENTIRE NATIONAL RETIREMENT SCHEME riding on the performance of stocks and bonds!
And that is key...the American public are completely dependant on THE STOCK BUBBLE for their retirements...even as American Capital (ie International Capital) goes off shore to China and to the tax shelters to avoid "supporting" the American market that they have a DEVINE RIGHT TO LOOT TO THE BONE!
In short, how can anything so evil and greedy ever have a good result for the nation...?
But perhaps even the concept of "the nation" is obsolete now that of FREEDOM TO LOOT, STEAL AND BE A GREEDY AS YOU WANT TO BE... is the norm?
WELCOME TO MR FRIEDMAN'S FLAT WORLD ECONOMY...
PROBABLY THE MOST EVIL AND UNSUSTAINABLE ECONOMIC SYSTEM EVER DEVISED BY INTERNATIONAL CAPITAL AND THE GOVERNMENT ELITES WHO SERVE THEM...AND OF COURSE THEIR LACKEYS, STOOGES AND RUNNING DOGS IN THE PRESS.
