2011-01-10wallstreetexaminer.com

``Bernanke’s printing press seems to be adding about 10 cents a gallon per month to the price of gasoline. Food prices are also rising. The negative feedback mechanism of Fed pumping is running full blast. It is boosting economic activity thanks to government deficit spending but it is primarily stimulating non core food and energy inflation—the kind of inflation that the Fed pays no attention to. Bernanke’s policies are decimating the middle class thanks to soaring prices for necessities, and sending senior citizens to the poorhouse by the millions thanks to zero interest rates. ''



Comments:

catherine at 21:22 2011-01-11 said:
speeding us faster to the depression.......

they are now believing their own lying press, 9.6% unemployment,

409,000 lost their jobs AND THE RATE GOES DOWN, keep this up and we will be back to 5.2 shortly, won't we.???

this is beginners in charge.............and it doesn't help when BARRY overides a judge and stops 20% OF THE OIL DRILLING...........(and you boys think this isn't on purpose, what do you think happens when you cut off 20% of the supply???)

ahem, I was off by 4 months, said the gas prices would blow last August but they held it off for the election evidently.....................

now let's go grow some more food and stuff it in our tanks

and all those leeeeeeetle electric unsafe boxes RUN ON COAL, love the people that pay 40% more for a clean car AND THEY RUN ON COAL............... Permalink

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