Forum Post: Ben Bernanke Implies in 2003 Speech That The Federal Reserve Caused the GREAT DEPRESSION, STOCK MARKET CRASH AND BANK RUNS by its TINKERING of the Interest Rates --Raising when they should have been lowering or keeping same
Posted 12 years ago on Oct. 16, 2011, 5:26 p.m. EST by FedWallFedWellFedUP
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Ben Bernanke Implies in 2003 Speech That The Federal Reserve Caused the GREAT DEPRESSION, STOCK MARKET CRASH AND BANK RUNS by its TINKERING of the Interest Rates --Raising when they should have been lowering or keeping same. HISTORY repeats itself from '03 to '06 this time with Captain Ben at the Wheel. After keeping rates too low and causing an economic bubble The Federal Reserve and Wall Street Schemers do a bait and switch and raise rates 17 times in a ROW -- This is unprecedented in history....similar with what the Federal Reserve did in the GREAT DEPRESSION
they formulate most of their prized opinions looking in the "rear view mirror" after the damage has been done...I'm not sure if they do it by design, default, greed, moral indignation or a little of all those things and the kitchen sink too.
Are you thinking these guys actually know what they are doing? (economists? really?)