Monday, August 30, 2010

Ben Bernanke calls for help to revive the stuttering US economy

Cries of "save me" from the public sector will grow louder as the economy weakness under the weight of collapsing debt. Call it stimulus or liquidity injections, the net result will be the devaluation of fiat money across the globe at the expense of those unprepared. Similar to the Great Depression, investment and time, rather than talk and devaluation, will restore employment and prosperity.


But what was missed was Bernanke's low-key plea for help - from the government.

"This list of concerns makes clear that a return to strong and stable economic growth will require appropriate and effective responses from economic policymakers across a wide spectrum, as well as from leaders in the private sector. Central bankers alone cannot solve the world's economic problems."

Source: guardian.co.uk

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