A Confession: What Central Banks are REALLY doing - - -

Ex FEDERAL RESERVE board member Kevin Warsh explains that Central banks increase prices and redistribute wealth to the rich & from the prudent to the imprudent. --CNBC, March 5, 2013 ~1min

That's "What Central Banks are REALLY doing - - -" As a result, progressives such as Robert Reich are beginning to nail the banker/government axis as "reverse Robin Hood." 

Ben Bernanke: "What me worry?" But what does Alan Greenspan say?

The U.S. central bank, the so-called "Federal Reserve" or "FED" has loaned a completely unprecedented ~$2.5 trillion (with a "T") into existence, lately by buying-up U.S. Treasuries ($40 billion a month) and Mortgage-Backed Securities (MBS) ($45 billion a month) from Fannie Mae and Freddy Mac, currently the backers of nearly all U.S. mortgages. 

By the Law of Supply and Demand, putting this $85 billion a month of buying power into circulation eventually dilutes the value of the dollar, which we experience as "inflation." But Mr. Bernanke, the current FED Chairman, says not to worry, the FED has things under control.

But what does his predecessor, former FED Chair Alan Greenspan say about the FED and control? 

What Alan Greenspan says:

So, should we worry? < C:\USR\WP_DOCS\TROLLEY\BLOGS\UNCOMMON>