Wednesday, February 27, 2013

Ben Bernanke Acknowledged the Fed is Artificially Keeping the Interest Rate Low

Watch Ben Bernanke's reply to Bachmann's questions and decide for yourselves if he is in total denial or ignorant of the US debt problem.  In particular around the 3rd min of the clip, where he on the one hand acknowledged that the US debt is in great demand worldwide and then when asked further, he said the Fed still needs to buy the debt in order to keep interest rate lower.

Isn't Ben Bernanke acknowledging that the Fed is manipulating the interest rate?

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