- Ex Kathedra
… is being implemented collectively by Bernanke, Paulson and the Congress. It will deliver, it is already delivering, inflation and devaluation of the dollar. While its alleged purpose is to stabilize financial markets by providing much needed liquidity, at this time it seems to serve also the purpose of bailing out those that for 15 years have been making phoney profits by playing games; games that have now blown up. If current policies are maintained for much longer the outcome will be either the above or prolonged stagflation, or both; there is no realistic alternative.