Today’s first time jobless claims jumped and yesterday Ben Bernanke stated the Fed will continue to print money and keep interest rates low. Now, the intelligent and observant will ask, “is the economy recovering or it is artificially existing?.” Think about the danger of a monetary policy that is printing $85 BILLION per month to prop up a failing economy, consider the bubbles being created which shall eventually pop. And oh by the way, message to Jay Carney: I do question the POTUS cherry-picking implementation of laws passed and it is YOU, not me or the American people that is willfully ignorant, while you serve as the mouthpiece for someone who seems more and more a tyrant each day.
Federal Reserve Chairman Ben Bernanke continues to pump money into the economy, and thinks that the economy needs continued stimulus. Did Bernanke create an artificial economy that depends on the issuance and purchase of debt by the government and Fed? Are President Obama and the Federal Reserve setting the stage for hyperinflation? Find out as Col. Allen West, Terry Jones and John Phillips discuss monetary policy.
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“Further testimony of the growth of the welfare nanny-state: In January, there was a record 8.8 million Americans on Disability – and 8.5 million Americans left the labor force in President Obama’s first term. Coincidence? We are bankrupting Social Security Disability because as the 99 weeks unemployment run out folks are then applying for this. To paraphrase Milton Friedman, if you pay people not to work, you’ll get a lot of people signing up for that job.”