The Economic Recovery Is Close to Faltering

Ben Bernanke testified before the Congressional Joint Economic Committee on October 4, 2011.

Points made in this video:

• The economic recovery is close to faltering
• The middle class is collapsing
• Class warfare – the rich control too much of the country’s wealth
• Banks may need to be broken up
  (Don’t tell Congress that the Federal Reserve is the largest private bank)
• No more banking bailouts
• The European Union may face a bank run and how the Federal Reserve will act if this happens

httpv://www.youtube.com/watch?v=nPr52fomzME

The tone set during the hearing was somber as many Democrat Congressmen laid blame on banks and the rich for our economic collapse.

David DeGerolamo

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