White Civil Rights : The Website for Europeans and Americans Wherever They May Live

by Jeff Davis

With their backs to the wall, the Democrats have gone mad. They’re firing up the printing presses again at the Federal Reserve. Of course–we never read important news about our own country any more in the American media so this article had to come from the foreign press.

The Daily Telegraph in the U.K. reports: “As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Entitled Deflation: Making Sure It Doesn’t Happen Here, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy.”

The speech is best known for its irreverent one-liner: “The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost.” (more…)