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silverback
Member since May 2012
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>Fed Conflates Inflation with Growth  - Michael Pento - Delta Global Advisors
Lets remember that lying to the citizenry is an important part here. Please tell me why food and fuel are removed before inflation is calculated. With food and fuel out and staples like asphalt in, I start to understand why inflation is not galloping. I can't tell you the times my wife stands in the garage and says, "I have to run to the story, we are all out of asphalt."

It may be enough to cause you to think that the government may not have our best interests at heart.

There is an article in this weeks Barron's that begs the question, "Has the Fed out lived it's usefulness?" I don't think the Fed was ever useful. Not one day after the 3-0 vote to enact the Fed. Yes, 3-0 the evening of 1913 and signed into law by the socialist Woodrow Wilson. Before that, it was called the 1st Bank of the United States. Every person that has attempted to dismantle it has either been assassinated or kept busy ducking assassination attempts. Good luck!


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Beginning of the headline : It is a sad situation when everything the man in charge of our central bank professes to understand about inflation is wrong.Mr.Bernanke does not know what causes inflation, how to accurately measure inflation or the real damage inflation does to an economy.He, like most central bankers around the globe, persists in conflating inflation with growth... Read More
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