Tuesday, October 5, 2010Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech before the the Annual Meeting of the Rhode Island Public Expenditure Council in Providence, Rhode Island. In the speech, he warned about the current state of the government finances. His conclusion, the situation is dire and "unsustainable".
It is remarkable that mainstream media has given this speech no coverage.
[This is interesting. Usually the head of the Federal Reserves lies up a storm and evades the truth completely. Now he is telling the naked truth? What gives???? Can't be good news.]