Led To The Slaughter - 09/14/12

The Wake Up Call show

Summary: The newly published economic numbers show things getting worse for American families. Household income has been declining for four years in a row. How does a family make do on the national average income of about $4,000 a month? All the statistics are in decline. Yet we are told this is a “recovery”. A discussion of Bernanke’s latest interference in the system to “goose” spending (by people who clearly can’t afford it). Nice! The ill-advised Fed purchases are destined to drive the economy further into depression. Bernanke explained his “philosophy” a couple of weeks ago in Jackson Hole. He admitted he really doesn’t know if his policies will work or not, although I suspect he knows they won’t and he’s just – again – reaching out to help the banks in trouble