12/06/2010

Bernanke Quivers in Fear During 60 Minutes Interview, Says Fed Is ‘Not Printing Money’

Ben Bernanke said fears that the Fed would be printing more money and taking inflation risks through its bond purchases was a “myth.” He said the Fed isn’t printing money when buying Treasuries and the purchase won’t result in a significant expansion of money circulating in the market.
We want to get this right Ben, sorry for our misunderstanding on the issue. I think we understand now. Printing a bigger dollar figure on a computer screen doesn’t equate to printing it on paper. We completely understand this now. So the Federal Reserve creating new dollars to buy all the US government debt is not printing money.
As a typical American Citizen I completely trust you know what you are doing with these computer generated dollars. I am sure there is a method to the madness.
You stated on November 21, 2002 “The U.S. government has a technology, called a printing press or today, its electronic equivalent, that allows it to produce as many U.S. dollars as it wishes at no cost.” then you continued to say “Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to acquire real and financial assets, the resulting increase in asset values would lower the cost of capital and improve the balance sheet positions of potential borrowers. A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money”


PRINTING FAKE MONEY SAVES AMERICA...NOT

fknnewz | May 01, 2008 |
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IN THE UK LOCAL ELECTIONS MARRED BY PEOPLE VOTING



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