posted on May, 9 2011 @ 11:34 PM
reply to post by Opspeculate
Yes, he has it right, and the answer is Bernanke will never admit it until the system has collapsed, and probably not even then.
Bernanke knows exactly what he is doing can never hope to succeed, but the alternative is allowing for instant economic collapse, and politically, and
for the banks he represents - that is not acceptable so he is trying to delay it for as long as possible.
Printing money out of thin air of course makes things even worse - but hey it's human nature to put things off even if it will make it worse in the
long run. Of course you can always rationalize it, that maybe a miracle will happen and the problem will go away.