nakedempire


The American Empire in a Changing World



Pages

Sunday, March 25, 2012

"Bernanke Fails at Transparency, Rails at Gold Standard"

From New American

"When Federal Reserve Chairman Ben Bernanke donned his professorial cap and addressed 30 undergraduate students at George Washington University on Tuesday, he claimed it was all in the interest of transparency. According to the New York Times, “The Fed is concerned that it is neither loved nor understood by many Americans, and that public anger could lead to constraints on its powers.”

A close look at his actual presentation, augmented by slides, confirms his attempt to direct the students’ attention away from the Fed’s obvious dangers, faults, and failures and instead concentrate on its alleged virtues."

read more 

No comments:

Post a Comment