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Friday Humor: (The Onion) Drunken Ben Bernanke Tells Everyone at Neighborhood Bar How Screwed Up Economy Really Is

From the Onion:

SEWARD, NE—Claiming he wasn’t afraid to let everyone in attendance know about “the real mess we’re in,” Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood’s Corner Tavern about how absolutely…..Excerpt from The Onion

Very funny, but also very sad that there is more truth in this article than you would read in most newspapers….. Enjoy Your Weekend!

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2 Responses to Friday Humor: (The Onion) Drunken Ben Bernanke Tells Everyone at Neighborhood Bar How Screwed Up Economy Really Is

  1. fabooks June 16, 2012 at 4:29 am #

    seems to me that all commentariat and players are united in a struggle to find an acceptable ideological path to bringing about a crude solution to the problem – inflating the debt away – but can’t quite bring themselves to say it…..the contest is between the financial establishement who feed from the transmission of credit, and credit junkies (e.g those with huge mortgages) versus the ungeared (e.g savers and pensionistas)

    my money is on inflation

    • Ted Barnhart June 16, 2012 at 11:07 am #

      fabooks,

      I tend to agree but I would add the the amount of inflation that needs to be created to erode away the debt is astronomical, and politically is only feasible when the global financial system is staring the abyss.

      Instead of two steps forward one step back, it is more likely be to be 5 steps forward, 10 steps back 4 steps forward…or of course maybe just 5 up 10 back.

      Thanks for reading and taking the time to comment…

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