WallStForMainSt: Ben Bernanke Wrote 2010 Op-Ed That Asset Price Inflation Was Main Goal & $$$ Supply Growth Very Bad

  • Friday, 29 January 2021 11:44
Recently, formed Fed Chairman Ben Bernanke took time away from his very rigorous 7-8 figure per year speaking and consulting schedule to make public comments and applaud the Jerome Powell Fed about being dovish enough. Fed has been successful at convincing markets it will be more dovish down the road, Bernanke says https://www.marketwatch.com/story/fed-has-been-successful-at-convincing-markets-it-will-be-more-dovish-down-the-road-bernanke-says-11609716790 However, many of the things Ben Bernanke warned about in his November 5th, 2010 Washington Post Op-Ed are coming to fruition! Read the Op-Ed here: What the Fed did and why: supporting the recovery and sustaining price stability https://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html or here: Aiding the Economy: What the Fed Did and Why https://www.federalreserve.gov/newsevents/other/o_bernanke20101105a.htm Besides telling people that the Fed's main gain was to not allow deflation and force asset price inflation and asset prices higher (Wealth Effect), Bernanke promised in 2010 that the money supply (M1 and M2) would not rise. Otherwise, Bernanke warned, that it would be very inflationary. And that, unfortunately, is exactly what is happening now. Bernanke has even advocated for zero coupon bonds in Japan and negative interest rate policy (NIRP) here in the US as early as in a 2016 blog article on the Brookings Institute website. What tools does the Fed have left? Part 1: Negative interest rates https://www.brookings.edu/blog/ben-bernanke/2016/03/18/what-tools-does-the-fed-have-left-part-1-negative-interest-rates In January 2020 Bernanke again made public comments and interviews advocating for NIRP: Ben Bernanke says the Fed shouldn't rule out using negative interest rates https://www.cnbc.com/amp/2020/01/06/ben-bernanke-the-fed-shouldnt-rule-out-using-negative-interest-rates.html Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst​ Please visit the Wall St for Main St website here: http://www.wallstformainst.com/​ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt​ or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/w​... If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**

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