U.S. “close to faltering,” Fed ready to act: Bernanke. “…Bernanke urged lawmakers not to cut spending too quickly in the short term even as they grapple with trimming the long-run budget deficit.” The proverbial bloodletting of our economy is now met with plans to pour salt into the wound. “Elastic Currency” now means “Bounced Check”.
This post was last modified on January 26, 2021
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Sounds like Helicopter Ben's head is starting to spin faster then his mouth. Or was that the other way around?
The only thing Bernake has left is to open a pawn shop, check cashing business or a combination nudie bar and gun shop. This administration might actually make money with one of them, (they are experienced in fleecing people, selling guns and looking at hooters or weiners) if nothing else it would keep the Chinese entertained for a couple days while we come up with a way to say "so sorry, we broke now long time, no can pay bill".
NSS, have you ever seen the email about the government taking over the Nevada Chicken Ranch, and running it into bankruptcy?
If they can't make money selling booze and hookers, how do you expect them to make money any other way?
I forgot about that, they did take it over for back taxes and ended up selling it at auction, Leave to the feds to run a bordello into the ground. I mean how can you miss????
Gubmint regulation!
OMG! NSS, you are hilarious. But you speak the truth. You made my day, THANKS.
Sometimes It works, sometimes I just vent, But its always a ball at IHTM> Thank you.
Fed ready to act? What, is he gonna play Hamlet or something? Interest rates are ALREADY zero. Thanks to the shithead Marxist regime in DC, NOBODY wants to borrow, NOBODY wants to expand, NOBODY wants to do anything with their money but buy gold and hope there's still an economy around when the Obam-assholes are finally gone. What the hell does Uncle Ben think the Fed is going to do about that? Grab people by the neck and tell them "borrow a bunch of money and spend it now or I'll kill you"???? He's got NO bullets left in his gun. The best thing for him to do is just shut up and go have lunch.
DO NOT CUT SPENDING TOO QUICKLY Must have a lot more pockets to fill up first before that happens. "O" & Holder still need to payoff a lot of people that will be coming down on their genius under the table Fast & Furious conspiracies.