Economy Stagnant When Action Is What Is Needed

February 17 2010

Probable head count in Census around 320 Million, What is Bernanke hiding at the Fed? No end to zero interest rates after 14 months, China to change some things, Greek basket case, California even worse than Greece, home owners stuck with houses worth less than what they paid

When the next census is over America will probably have 320 million people. The number of Americans 50 years ago was about 184 million. Our budget then was about $100 billion. Today it is supposed to be $3.8 trillion. We call that spending gone wild. Government control of the economy has become bigger and all consuming at what will prove to be an unsustainable pace. Markets are telling us the world has serious sovereign debt problems as witnessed recently with the financial debacles in Ireland and now Greece with others to follow. Arrogant government, Fed officials and Wall Street telling us the borrowings are necessary to save our economy, when in fact just the opposite will prove to be true. Chairman Bernanke tells us inflation expectations are stable and will be subdued for some time to come. Our big questions are what is he hiding at the Fed? Why doesn’t he want an audit? What has the Fed been doing that it doesn’t want us to know about? Could it be the funnel of insider information flowing to Wall Street and banking or the operations of the “Presidents Working Group on Financial Marketsâ€