Fed Chairman Ben Bernanke On 60 Minutes
If you are an American investor it’s imperative that you understand the logic that drives Ben Bernanke. Ben has spent years studying the Great Depression as well as the deflation in Japan. In his 2002 speech he outlined in detail how to avoid deflation in a fiat monetary system. Over the past two years he has been executing on his plan and both the stock and commodity markets have responded with a dramatic rise. Watch this video to gain more insight into the mind of Bernanke. He is an expert at creating inflation but will he be able to manage the outcome as easily as he makes it sound? I guess if he follows Paul Volker’s example from the early 80’s it may be possible, but with such a weak economy it won’t be easy to do.
All I know is we probably have another wild decade ahead of us…..