The Great Recession continues: While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Benjamin S. “helicopter Ben” Bernanke, Chairman of the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, speaking at the Brookings Institution, states his evaluation that “[T]he recession is very likely over at this point.”

       Postscripts:

• In the four months since Bernanke reported this “good” news, another 421,000 United states subject/enemy/citizens became jobless, and the Federal Deposit Insurance Corporation seized another 52 commercial banks.
• Also, the declining trend in initial claims for jobless benefits halted at 450,000 per week, and began climbing upward again to 472,000 per week four months after that.
• Eight months later the commercial bank foreclosures on homes had increased by almost 50% from a year previous.

       [added 1/1/2022] Thanks to Freedom’s Phoenix and G. Edward Griffin for this entry.