Uncle Ben's testimony

Hi,

Today is 2-nd of April. Today is 2-nd fools day. Tomorrow will be 3-rd and so on.

I am truly amazed how Americans still did not get it. Today I decided to listen to Bloomberg radio for a while, and they broadcasted the Helicopter Ben testimony. He just lied in front of everyone.

Here are some examples:

Additionally, the decline in the foreign exchange value of the dollar has boosted some non-commodity import prices and thus contributed to inflation. However, the so-called core rate of inflation--that is, inflation excluding food and energy prices--has edged down recently after firming somewhat late last year.

Really? Translation - Buy Gold

It now appears likely that real gross domestic product (GDP) will not grow much, if at all, over the first half of 2008 and could even contract slightly.

Hmmm? Growth?

To prevent a disorderly failure of Bear Stearns and the unpredictable but likely severe consequences of such a failure for market functioning and the broader economy, the Federal Reserve, in close consultation with the Treasury Department, agreed to provide funding to Bear Stearns through JPMorgan Chase. Over the following weekend, JPMorgan Chase agreed to purchase Bear Stearns and assumed Bear’s financial obligations.

I did not know FED bail out companies? BSC is not a normal bank?!?! FED is not made to bail out any kind of wall-street idiots. FED please bail me too..

Source:
http://www.federalreserve.gov/newsevents/testimony/bernanke20080402a.htm