Benny Bernanke tells us today that the biggest cause of foreclosures is declining home prices. When people realize they owe more on the home than it's worth, they walk away. DUH!
What he's not telling you is that the solution to plummeting home prices is a wholesale inflationary policy. It also solves the problem of foreign debt and the national debt, for the same reason, money is no longer worth anything. He's not telling us that this is the policy he is pursuing. He's not telling us it will destroy our financial system and ability to engage in foreign trade using dollars as a medium of exchange. He is a lying, cocksucking, coward.
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