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Author: PosFCF Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 471930  
Subject: Re: Grant demands recessionary depression Date: 2/24/2014 10:16 PM
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Forget the book on the Great Depression. Bernanke knows more than all the authors of all the books on the subject.

Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry
http://theeconomiccollapseblog.com/archives/say-what-30-ben-...

I'll only quote a few of my favorites of the aforementioned genius:

#1 (October 20, 2005) "House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals."

#4 (January 10, 2008) "The Federal Reserve is not currently forecasting a recession."

#13 (October 31, 2007) "It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions."


No further comment on his "genius" is needed.....but reading the rest of the 30 shows, if nothing else, the level of the education in this country if this man is considered one of our greatest.

Poz
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