Friday, January 07, 2011

USELESS REPORTING

WASHINGTON (AP) -- "Federal Reserve Chairman Ben Bernanke goes to Capitol Hill on Friday more confident about the economy and the outlook for hiring, but not enough to pull back from the Fed's $600 billion bond-buying program.

Bernanke's testimony before the Senate Budget Committee is his first congressional appearance since the Fed announced in November it planned to buy $600 billion in Treasurys through June. The bond purchases are designed to boost the economy by lowering interest rates and lifting stock prices. "

Friends, there is no mention in this IMPORTANT story that interest rates have actually gone UP!!! BUT raising STOCK PRICES is not in their mandate and they are OPEN about this manipulation and false rally!

D



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