Godlike Productions - Conspiracy Forum
Users Online Now: 2,037 (Who's On?)Visitors Today: 1,786,550
Pageviews Today: 2,248,314Threads Today: 483Posts Today: 8,803
03:42 PM

Rate this Thread

Absolute BS Crap Reasonable Nice Amazing

IT'S OFFICIAL: It's Been Announced That 'Currency Wars' Are Back On

Offer Upgrade

User ID: 24118278
United States
09/21/2012 08:16 AM
Report Abusive Post
Report Copyright Violation
IT'S OFFICIAL: It's Been Announced That 'Currency Wars' Are Back On
Brazilian Finance Minister Mantega has just blasted the Fed's QE3 policy for setting off "Currency Wars".

What he means by this is: The Fed has prompted every country to attempt to weaken the value of their currencies in order to boost exports.

The reason Mantega is furious about this is that he believes it dangerously boosts inflation, especially in emerging markets like his, Brazil.

He's made this charge before: In August 2010, the last time the Fed started to embark on QE, he blasted it for setting around a series of central banks weakening their currencies to boost exports.

We predicted two days ago, that with the Fed, the ECB, and the Bank of Japan all announcing easing within days of each other, that the term would soon be back.

Read more: [link to www.businessinsider.com]