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Bernanke Warns On Inequality


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Bernanke warns on inequality http://www.federalreserve.gov/boarddocs/sp...206/default.htm (http://*******.com/2gbnkw)

Inequality is actually caused in part by the actions of the Fed. How can this be so when the Fed acts in a benign manner and makes interest rates cheap for those hard-working industrialists and first-time-buyers who just want a piece of the American dream? Well the problem is that by making interest rates cheap it does not leave all the rest of us unaffected. Does anyone remember something about robbing Peter to pay Paul?

By making interest rates cheap it weakens the value of money relative to other assets. Because more and more money needs to get into the system to make it possible for people to pay off their debt there is continued pressure for low rates. Inequality will be at its most pronounced when the system reaches saturation.

For more see http://www.economicsreform.blogspot.com/

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  • 3 weeks later...
why is it demanding?

I'd also like to know.

On a tangent. The FED and government obviously have some kind of ultimate goal in their sights. Is this the same goal they started towards in 1913 or does it change as one decision/policy causes another problem which moves the goal posts?

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I'd also like to know.

On a tangent. The FED and government obviously have some kind of ultimate goal in their sights. Is this the same goal they started towards in 1913 or does it change as one decision/policy causes another problem which moves the goal posts?

I would think the ultimate goal is the one world government.

national governments get bullied by the banks...so do big business!!

as america was still fairly new to the scene,it had to be given a bit of time to establish itself before the banks moved in....likewise with australia.

notice that the countries getting picked on at the moment have a bit of a bee in their bonnet about usury!!...coincidence???

a spot of lending would come in handy after the country gets vapourised!!!

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  • 3 weeks later...
The US dollar is the world's reserve currency and they are a huge internal market. As a consequence they are shielded from the harsher winds of global economics.

very true and there is nothing to say that the dollar will remain the reserve currency forever. it is not anti-american to say that other currencies will become just as desirable (provided they are strong) it is just a fact

Every person who signs such a petition will receive an email detailing the Government's response to the issues raised.

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