While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Benjamin S. “Helicopter Ben” Bernanke, Chairman of the Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, speaking at the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, (Federal enclave of) Wyoming admits that three years into the Great Recession, that the FRSBs have failed to revive the nation’s economy:
Incoming data on the labor market have remained disappointing. Private-sector employment has grown only sluggishly, the small decline in the unemployment rate is attributable more to reduced labor force participation than to job creation, and initial claims for unemployment insurance remain high.
[added 12/12/2025] Thanks to Freedoms Phoenix for this entry.
Subsequent Events:
9/2/2010
3/4/2011
References:
Speech by Chairman Bernake: The Economic Outlook and Monetary Policy – bernanke20100827a.pdf
www.federalreserve.gov/newsevents/speech/files/bernanke20100827a.pdf
How the Bankers Have Trapped Bernanke by Gary North
www.lewrockwell.com/north/north881.html
Current U.s. National Debt:
