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Letter: Read between the lines

Read between the lines

Whenever the Federal Reserve Chair Bernanke opens his mouth, it is a carefully designed strategy to do a few things at once. “Tapering” U.S. bond purchase will raise interest rates, which is good for his banker and Wall Street friends. Counter-balance that when he says “we are the headwinds.” That’s a job for Congress (Republican tea party and non-tea party) to get off your butts and help yourself with “stimulus.”

The Federal Reserve doesn’t want to go down in history as the first insolvent Federal Reserve. Which, comrades, is what is lurking between the lines of Bernanke’s remarks. He ain’t no dummy.

As we were taught in kindergarten, clean up your own mess. He’s saying the Federal Reserve can’t do the recovering alone. Our financial system will help us, if we help ourselves. Sound familiar?

Wake up, America!

Richard Goodwin

Snowmass Village


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