Comments on: Ben Bernanke and Company Panicked http://www.dailyreckoning.com.au/ben-bernanke-panicked/2008/02/05/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Coffee Addict http://www.dailyreckoning.com.au/ben-bernanke-panicked/2008/02/05/comment-page-1/#comment-6593 Coffee Addict Tue, 05 Feb 2008 03:29:23 +0000 http://www.dailyreckoning.com.au/ben-bernanke-panicked/2008/02/05/#comment-6593 The phrase on the book of Matthew has God separating the Sheep and the Goats. The Goats are the smart ones. Ben could well be a smart goat, I really don't know. However I do know that his agenda will result in: * Longer term stagflation (seen as the best of 2 alternative evils in an election year); * Significant reduction in US indebtedness (at the expense of foreign governments); * An inflationary dynamic that brings about a necessary long term reduction in real standards of living (because Americans have been living beyond their means for too long ); and * a contract with Washington Speakers to lay the blame on the incoming Democrat government. The nonsense about giving newly printed money to consumers is clap trap pork barrelling. Just don't believe it. The phrase on the book of Matthew has God separating the Sheep and the Goats. The Goats are the smart ones.

Ben could well be a smart goat, I really don't know. However I do know that his agenda will result in:

* Longer term stagflation (seen as the best of 2 alternative evils in an election year);
* Significant reduction in US indebtedness (at the expense of foreign governments);
* An inflationary dynamic that brings about a necessary long term reduction in real standards of living (because Americans have been living beyond their means for too long ); and
* a contract with Washington Speakers to lay the blame on the incoming Democrat government.

The nonsense about giving newly printed money to consumers is clap trap pork barrelling. Just don't believe it.

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