When Bernanke (the Federal Reserve Chairman) decreed that we would no longer be getting figures on the M3 money supply as he opened the floodgates on money ... where did we expect all the dollars to go when we weren't watching?
Is there any wonder why the price of oil, rice, etc. is going through the roof?
"Bernake's" money has found a home in commodities futures ... dah!
The Federal Reserve has "saved" Bear Stearns and given the U.S. economy a brief respite ... but at what cost to the world's poor?
Time to End "Bernanke Panky?"
By Kevin Phillips
Posted June 2, 2008 | 05:24 PM (EST)
The Huffington Post
http://www.huffingtonpost.com/kevin-phillips/time-to-end-bernanke-pank_b_104769.html
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