News Analysis: The Reality of Four+ Trillion Dollars of U.S. Federal Reserve Debt mustered by the ‘Brilliance’ of the departed former head of the U.S. Federal Reserve is barely recognized by the U.S. News Media. $834+ Million Dollars was the amount that was initially on the “Fed’s” books when the Employment Term commenced.
In spite of the expenditures by this aforementioned Economic ‘Genius’, Unemployment in America has remained dismal. In fact more Americans than ever before are not even seeking employment.
The “Fed’s” Approach in propping up the economy, as it tried to do, was a Sophomoric Idea. Americans (on top of this “Fed” Debt) are being presently “Hammered” by an Ineptly Designed Health-care Law; some people say to promote a person’s “Legacy” in American History. If one is to Talk the Talk, He must be able to Walk the Walk. Inexperienced Amateur “Wannabees” need not apply. They just “Mess Things Up”.
Unfortunately for the American Citizenry, the Four+ Trillion Dollars of “Fed” Debt will have to be dealt with by They, their Children, and Grand children; The Damage has already been done by the Person that Departed.
It is alleged than more of the Chicanery will continue by the new replacement at the “Fed” even though only scant benefits have occurred to the American Economy.
One thing Americans can be sure of, the Mass Media will discuss the Effete State of the American Economy in the most Glowing of Terms (as will be expected of Minions of the U.S. White House). Conversely, in the two forthcoming Elections, Americans who are tired of being treated as Freiers, can vote out the Inept Regime with all of its Baggage.
Reality.
Reference: http://www.cnsnews.com/news/article/ali-meyer/bernanke-leaves-fed-record-balance-sheet-4102138000000