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Animated Oprah Interviews Bernanke

Nik L Wrote: Jan 30, 2013 7:10 AM
I suspect that most people are not alarmed about QE because either, they do not understand what QE is/means (in this regard, the pols and MSM have not been helpful), or they do not believe the explanation when they are told, or the alternatives sound worse, or they believe that government will take care of them, regardless (which the pols and MSM have reinforced). If the public understood that QE is the practice of the US Treasury selling debt to the Federal Reserve, with the Federal Reserve using funds created on a computer to make the purchases (and booking the debt as assets), they would wonder why Bernanke is not in jail with Bernie Madoff.
Texas Chris Wrote: Jan 30, 2013 1:53 PM
Keynes was right about one thing: most people are too stupid to understand that inflation is caused by the central bank. they can't fathom that even when they get a raise, they're actually getting paid less in value, their dollars won't buy as much today as they did yesterday.
AmIBlue Wrote: Jan 30, 2013 12:54 PM

Earlier this month Oprah Winfrey grabbed headlines with her blockbuster interview with serial doper and international pariah Lance Armstrong. Now, an animated Oprah keeps the momentum going with a harrowing interview with Federal Reserve Chairman Ben Bernanke, another major figure who is equally dependent on artificial stimulus to juice his job performance. 

In this mock animated interview produced by the Peter Schiff Show, the daily radio broadcast by noted author and economist Peter Schiff, Oprah gets Bernanke to confess to repeated attempts to push up economic statistics through direct and repeated injections of powerful monetary stimulants. His motivation: a competitive...
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