He's joking, right?............from Rico

Surely the Beard (Ben Bernanke) is joking. Ben of the Fed actually said with a straight face that the recession (depression) has ended. He's kidding, right?
- Sure, take his word for it. Go right ahead, but if bullshit was money we'd all be billionaires too!!!

Trying to sustain the unsustainable.
Debt in the US banking system is being absorbed by the Fed. Almost all major banks are bankrupt. You do not want to have a lot of money in banks, CD's, annuities or US Gov't obligations (the USG is bankrupt too).

Whether the Fed self-destructs from absorbing bad debt, or is legislatively killed, the Treasury and Goldman Sachs-JP Morgan could partly fill the role of the Fed between them, but whatever happens it seems that the US Dollar is being sacrificed to save the equities and bond markets.

Last May the Dollar was at 89.5 on the USDX (a peak). Look for 71.2 by end october or year end. Next level will eventually be 40-55 where I expect an official devaluation.
- The 'old' dollar will be replaced by a 'new' dollar. Between 2010-2012?

Unrelated, sort of.
Just to sweeten your day, policies of the current mis-administration seem so wrong-headed as to be funny...were they not being vigorously pursued! Think I'm being partisan and harsh?
Consider this - Thanks to FOIA we know that the Obama Administration has privately concludedthat the cap-and-trade law will cost American taxpayers $200 billion per year (the equivalent of hiking personal income taxes by 15%). Sadly, this is not the only scheme in the works.

Competition is fierce inside the beltway for the newest Czar position: Boob Czar.