...And the most obvious, yet least "admitted" point? If we can bailout corrupt banking corps with $27 trillion, why not trillions for infrastructure, sustainable energy/technology, job training, health/wellbeing...
Way to evade the last question, Bernanke. Japan's central bank has "used similar tools" and has been in a recession for almost 25 years. The European Central Bank's soveriegn bailouts are sort of like Bernanke's QE, but hasn't extricated themselves from their debt mess yet. You can't really say that they provide a precedent for success. With the UK, I assume he's referring to the massive buildup of debt they had in the 1700s and 1800s, but that was back when they had colonies to exploit.
Something just as clear, that he might NOT so publicly "admit" to is that 85% of dollars are overseas. Reserve currency baby! Inflation diluted globally.
Good question Keith. Next time, ask where banks get the money for all commercial loans. Same answer, but hopefully that will hit home for more people, pun intended.
Thanks for the video, I was looking for it after he was quoted saying this in the media.
...And the most obvious, yet least "admitted" point? If we can bailout corrupt banking corps with $27 trillion, why not trillions for infrastructure, sustainable energy/technology, job training, health/wellbeing...
Way to evade the last question, Bernanke. Japan's central bank has "used similar tools" and has been in a recession for almost 25 years.
The European Central Bank's soveriegn bailouts are sort of like Bernanke's QE, but hasn't extricated themselves from their debt mess yet. You can't really say that they provide a precedent for success.
With the UK, I assume he's referring to the massive buildup of debt they had in the 1700s and 1800s, but that was back when they had colonies to exploit.
Something just as clear, that he might NOT so publicly "admit" to is that 85% of dollars are overseas. Reserve currency baby! Inflation diluted globally.
Good question Keith. Next time, ask where banks get the money for all commercial loans. Same answer, but hopefully that will hit home for more people, pun intended.
@ Jack Foobar ... Uhh... yeah, it must have been "fiscal" and "annual". Those other things are what banking corps do to humanity
Lol
hey keith Johnstown poorest in the state of pa your area! were all all the jobs you promised????? you are no jack Murtha!!!!!!!!!!!!!!!!!!!!!!!!!!