Helicopter Ben
Federal Reserve Chairman Ben Bernanke, whose academic research when he was a professor of economies at Princeton was on Japan’s recessionary woes, in his now infamous speech in 2002, talked about dropping money from helicopters if need be to prevent an economic downturn such as the one Japan experienced. He revealed how far the Fed is prepared to go to prevent deflation. His solution is to keep throwing more and more currency, NOT money, at the problem. Isn’t that what he is doing right now?? Printing SO MUCH U.S. dollars to get U.S. out of the BIG MESS that it is in?!! This continuous devaluing of the greenback will in turn drive up the prices of gold, silver and other U.S. dollar-denominated commodities.
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