Bernanke speaks on Wednesday, justifying dollar debasement; The FOMC (Open Market Committee) released their statement at 12:30 pm. The dollar promptly tanks, and wholesale prices rise commensurately.
U.S. Dollar Index:
Meanwhile, former (Bush II) Treasury Secretary Paul O’Neill makes this statement Wednesday during an interview on Bloomberg:
“I think the people who are threatening not to pass the debt ceiling are our version of Al-Qaeda terrorists.”
Do you think this is just rhetoric? Do you?
