Thursday, September 24, 2009

The Feral Reserve Keeps Printing Money

Bernanke, chairman of the Federal  Feral Reserve, declared the recession to be over (rotflmao) and yet he wants to keep the interest rate at 0% to 0.25%. In other words, continue to print a record amount of money. He wouldn't even raise the rate to 0.50%, which is still really low. If the Fed keeps rates too low for too long, like during the previous recession, we will just get a new bubble. What will it be next time?

Gold already broke $1000 recently, a signal that inflation is on its way. Deflation will no longer be an issue it seems.

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