Bernanke’s Fed to Buy Obama a Peaceful Election?

It looks like a good try, anyway. Helicopter Ben Bernanke’s Fed made clear this week that interest rates will stay non-existent or close to that for two more years. Some of the effects you can expect from that are here: “The Fix Is In at the Fed” from the Business Insider. If you care about your money, you’ll want to read this short article.

The main results will be two: First, the banks will borrow the Fed’s free money to loan to the government for laughable–but safely profitable–interest rates, depriving private industry of the opportunity it represents just when it’s most needed there.

Second, the goose to government’s borrowing will help lock in government’s spending. Benjy is buying the politicians the time they need to get through the next election cycle before things finally fall undeniably apart. That makes the future collapse that much bigger, but what, me worry? I’ll be safely reelected by then!

The dollar won’t buy much by that time, but that only matters to folks who can’t print their own…

By Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much) Couple of degrees in government, a few medals in figure skating; just reading and suspicion for economics ...

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