Martin Feldstein, a professor of economics at Harvard University, and president emeritus of the National Bureau of Economic Research (NBER) (the official body responsible for dating recessions) talks about the outlook for Federal Reserve policy the U.S. economy, and Europe’s debt crisis. Here is a direct link.
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Martin Feldstein. Yet another snake in a fancy suit. Life is so short anyway, why anyone bothers to listen to these people is beyond me. Why not spend time studying market history with it’s inherent booms and busts? Study price trends and market cycles which are a reflection of mass psychology. When you listen to someone speak about finance and financial theories carefully consider potential conflicts of interest and the company they keep. Attached is a list of American Bilderberger attendees who meet regularly to discuss a secretive agenda that you and I are not privy to. The list is filled with banksters, war mongers and so called academics. You don’t have to be a professor at Harvard to know that birds of a feather flock together.
http://screencast.com/t/Ou759oRhJB
It is misguided (at best) or a blatant lie (at worst) to describe OT, QE and ZIRP as “easing”.
All those activities lead directly to transfer of wealth from those far from the source of cheap money to those closer to the source. Generally, the super-rich get richer, those on fixed income get screwed.
In all fairness, these immoral and generally criminal* activities “ease” theft by the 1% from the 99%.
(*) OT, QE, ZIRP, ETC are criminal for all of us, but bankers.
Given the principle of equality of the law I fail to understand how comes bankers are permitted to take action which everybody else would be prosecuted for.
I hereby deem and declare Benjamin S. Bernanke, Chairman of the Federal Reserve to be the Enemy of the State and hereby order him to stand trial for organizing the ruination of the US economy.
Guilty as charged.