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Message Subject ILLUMINATI SUMMER SOLSTICE SACRIFICE TONY SOPRANO FOR ANOTHER DISTRACTION / WATER COOLER CONVERSATION
Poster Handle Uncle Fuck Stick
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[link to www.zerohedge.com]

Bernanke On Soaring Interest Rates: "We Were A Little Puzzled By That"




DOLLAR DEATH SPIRAL.....INTEREST RATES GO UP MEANS THOSE INVESTED IN U.S. DEBTS VALUE IS DECREASED...CHINA , SAUDI ARABI OPEC
Almost exactly 8 years after Greenspan's now infamous "conundrum" comments about the unprecedented persistence of low, long-term interest rates, Bernanke is now "puzzled" at the dramatic rise in interest rates following his recent Taper remarks. Have no fear though, just as Greenspan noted, "I'm reasonably certain we would not automatically assume that it would mean what it meant in the past, " Bernanke said today that the "sharp rise in rates", was not about the Taper but "due to other factors, including optimism about the economy." Perhaps more importantly, today for the first time someone, not Hilsenrath of course, had the guts to ask Bernanke the hardest question: is the Fed's "Stock not Flow" worldview broken, and was it wrong all along? Of course, the implications of the Fed being wrong on this most critical aspect of monetary theory opens up a hornet's next of Pandora's boxes: just what else is the Fed wrong about, and how much will Bernanke be "puzzled" when one by one all of his flawed theories are revealed to be nothing but religious dogma.
 
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