- Feb 12, 2007
- 59,439
- 24,106
Winning the biggest Captain Obvious Prize in history:
The Bernank for his admission that the entire financial-policial system is a scam.
Asked a question about the wealth effect, Bernanke paused and said, "The wealth effect. Ah, right." He then smiled faintly and shook his head. "You want to know about the wealth effect? Well, I'll be candid with you. This whole thing is a kleptocracy--the financial system, the political system, it's one big kleptocracy. That's the real wealth effect."
Guest Post: Bernanke Breaks Down: "This Whole Thing Is A Kleptocracy" | Zero Hedge
April Fools!
The Bernank for his admission that the entire financial-policial system is a scam.
Asked a question about the wealth effect, Bernanke paused and said, "The wealth effect. Ah, right." He then smiled faintly and shook his head. "You want to know about the wealth effect? Well, I'll be candid with you. This whole thing is a kleptocracy--the financial system, the political system, it's one big kleptocracy. That's the real wealth effect."
Guest Post: Bernanke Breaks Down: "This Whole Thing Is A Kleptocracy" | Zero Hedge
April Fools!