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"But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." - John Adams

Thursday, February 25, 2010

Bernake warns of debt crisis in USA

"With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt. "

Again, no shit captain obvious! Bernanke, who is now coming under more and more pressure by the growing support of Ron Paul's Federal Reserve Audit Bill, has decided to play hard ball with the government. He's not going to print any more money. Funny thing is that he already printed and over inflated the money supply by 120% and has been buying Treasury Bonds with the money he's printing. In other words, he screwed the economy, collected the profits and now he's taking his winnings and going home.

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