Mr. Bernanke has endorsed pure bailouts to the banks, insurance companies, real estate packagers and other Wall Street institutions to support asset prices thereby saving the economy's financial balance sheet, not its employment and living standards. More debt is not the problem, in Chairman Bernanke's view. It's the solution. This is what makes his re-appointment so dangerous. Austerity programs are being prepared for the USA |
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The human species will either rid itself of the geno-sadistic anti-justice idea to allow unlimited personal fortunes or we will succumb to the results of having the next and the next and the next wealthpower giants ad infinitum.