Bernanke and Obama's Next Step?
Glenn JacobsDespite all of the Federal Reserve’s interventions, the U.S. economy remains moribund. To borrow a term from Lord Keynes, the Fed is “pushing on a string.” What is a central planner to do?
Despite all of the Federal Reserve’s interventions, the U.S. economy remains moribund. To borrow a term from Lord Keynes, the Fed is “pushing on a string.” What is a central planner to do?
There's the next step, and the next step, and the one after that, and then another. But ultimately, there won't be any next step! All there will be is Bank and Government collapse. And the collapse will have far-reaching effects... effects that reach around the world.
What will it be like? Will business hang on for awhile, so that you can still buy food and gasoline? Will the hospitals keep running for awhile? How long will State and local Governments last? Do you have your land in the country with good water on it, and a big garden started?
The collapse is in progress. But when it becomes evident publicly, will you be ready?