Bernanke: More, More, More Funny Money™
The banking collapse continues. Even as all the big players pretend all is well, Bernanke admits the Federal Reserve will have to keep the Funny Money™ window wide open and even give out more money. The central banks of Japan and England are also in the news. Both are struggling with keeping the insane system afloat which has sunk. They have to stop inflation while flooding the markets with more loans. US businesses are now endangered by too much debt going into an obvious recession, at 66%, it is much higher than the 40% level right before the Dot Com bust. Japan is rapidly shrinking production in anticipation of dropping markets while food prices continue to soar in Japan. So the Bank of Japan simply closes its eyes and jumps off the cliff.
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