America’s economy is in deeper trouble than thought. Federal Reserve Chairman Ben Bernanke confirmed it. His official announcement on September 13 said America is on the mend, it is just experiencing a few headwinds from Europe. He then went on to unleash a quantitative easing program (qe3) so potentially massive in scope that it could dwarf qe1, qe2, Operation Twist, and all the money-printing schemes the Fed has carried out so far—combined!
If you really want to know what is going on in the economy, ignore what the Fed says—and watch what it does.