Tuesday, October 30, 2012

Paul Craig Roberts: The Virtual Recovery

http://www.informationclearinghouse.info/article32893.htm

Everything is a lie to serve the power-brokers. 

...the new measure of inflation keeps inflation down by reflecting a lowered standard of living.

As long as Americans believe anything Washington says, they are doomed.

Bernanke’s announcement that the Fed’s purchase of mortgage bonds is to spur housing and the economy is disinformation. Bernanke is purchasing the bonds in order to boost the values of the derivatives and debt instruments in the banks’ portfolios. Lower interest rates raise the value of the debt instruments on the banks’ balance sheets. By depriving American savers of a real interest rate on their savings, Bernanke makes the busted banks look solvent.

America is on the path to collapse or tyranny. 

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