Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
And surprise surprise, they dont like it-poor babies.
Quote:
While the policy sparked complaints from officials in Germany, China and Brazil that the U.S. was starting a competitive devaluation of the dollar, hurting their economies, Bernanke responded by saying the Fed must focus on domestic growth. Barclays Capital estimates the pace of global expansion will stay above 4 percent for a second year in 2011. Concerns that U.S. inflation would surge and foreign investors would shun dollar-denominated assets haven’t materialized.
“One of the things the critics of the Fed don’t seem to recognize is having a weak currency is absolutely normal when you’re coming out of a banking and a credit crisis,” Ethan Harris, head of developed-markets economic research at Bank of America Merrill Lynch, said in an interview from his New York office. “It’s the way countries heal their wounds.”
They are right to object and it's time Americans did too.
The feds incessant tinkering with the money supply is the source of many of our economic ills and it needs to be shut down.
They are right to object and it's time Americans did too.
The feds incessant tinkering with the money supply is the source of many of our economic ills and it needs to be shut down.
Right to object? They have been doing it for years. America is a soverieign nation, their objections are meaningless. If they do not wish to own US currency because of their opinion of its value, they do not have too.
Right to object? They have been doing it for years? America is a soverieign nation, their objections are meaningless. If they do not wish to own US currency because of their opinion of its value, they do not have too.
Well call me crazy, but I'm not welcoming the further devaluing of our currency and paying more for goods and services.
And sovereignty has nothing to do with it
Well call me crazy, but I'm not welcoming the further devaluing of our currency and paying more for goods and services.
And sovereignty has nothing to do with it
Sovereignty has everything to with China's and Brazil's say in the matter, they don't have one.
Sovereignty has everything to with China's and Brazil's say in the matter, they don't have one.
Of course they don't have say in the recklessness of our central bank, but they can have an opinion (in this case it is the correct one).
Maybe you don't know the difference?
The Fed will eventually end cheap money in the next few years, and it will be almost as much of a surprise as the 2008 crisis to some who were too naive not to see it.
The Fed will eventually end cheap money in the next few years, and it will be almost as much of a surprise as the 2008 crisis to some who were too naive not to see it.
They very well do have a say in the matter.. If they decide to stop buying our debt, we become bankrupt almost overnight..
You'd be a darn fool to cause harm to your best customer.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
