Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies | |
Anonymous Coward User ID: 25681568 India 10/16/2012 10:52 AM Report Abusive Post Report Copyright Violation | U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing. Quoting: in5d Speaking at the International Monetary Fund meeting in Tokyo this weekend, Bernanke urged Third World nations to allow their currency to appreciate as a means of actually preventing inflation. "The perceived benefits of currency management inevitably come with costs, including reduced monetary independence and the consequent susceptibility to imported inflation," Bernanke said. more here: [link to www.blacklistednews.com] it is happening as he speaks..2 digit inflation from last 7 yrs.. as usual brown n black n yellow people have to pay for extravagance of rich white countries |
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Anonymous Coward User ID: 25666515 Slovakia 10/16/2012 11:10 AM Report Abusive Post Report Copyright Violation | INFLATE, DEFLATE, CONFISCATE. Quoting: Anonymous Coward 25666515 How stupid do the banksters believe the world is, or is it them? if you are real slovak then you know about inflation n bad economy...too much inflation here man.. The real problem of masses´ suffering is their ignorance, most people rather serve TPTB than think twice. There is a cause for inflation which societies have to get rid of, firstly. The banksters know and laugh at you. |
Anonymous Coward User ID: 25681568 India 10/16/2012 11:25 AM Report Abusive Post Report Copyright Violation | INFLATE, DEFLATE, CONFISCATE. Quoting: Anonymous Coward 25666515 How stupid do the banksters believe the world is, or is it them? if you are real slovak then you know about inflation n bad economy...too much inflation here man.. The real problem of masses´ suffering is their ignorance, most people rather serve TPTB than think twice. There is a cause for inflation which societies have to get rid of, firstly. The banksters know and laugh at you. we cant do nothing we dont control treasury,banks,transportation and farms |
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vesper User ID: 25585886 United States 10/16/2012 11:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25666515 Slovakia 10/16/2012 11:34 AM Report Abusive Post Report Copyright Violation | INFLATE, DEFLATE, CONFISCATE. Quoting: Anonymous Coward 25666515 How stupid do the banksters believe the world is, or is it them? if you are real slovak then you know about inflation n bad economy...too much inflation here man.. The real problem of masses´ suffering is their ignorance, most people rather serve TPTB than think twice. There is a cause for inflation which societies have to get rid of, firstly. The banksters know and laugh at you. we cant do nothing we dont control treasury,banks,transportation and farms You have lost already, by defeating yourself with their propaganda. Or remember Gandhi´s bringing down the Empire before. |
GFX guy User ID: 9776422 United States 10/16/2012 11:34 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25666515 Slovakia 10/16/2012 11:36 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25542230 United States 10/16/2012 11:48 AM Report Abusive Post Report Copyright Violation | U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing. Quoting: in5d Speaking at the International Monetary Fund meeting in Tokyo this weekend, Bernanke urged Third World nations to allow their currency to appreciate as a means of actually preventing inflation. "The perceived benefits of currency management inevitably come with costs, including reduced monetary independence and the consequent susceptibility to imported inflation," Bernanke said. more here: [link to www.blacklistednews.com] In other words... WE WILL BOMB THE SHIT OUT OF YOU IF YOU TRY IT. |
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DonHeau User ID: 4730959 United States 10/16/2012 11:53 AM Report Abusive Post Report Copyright Violation | |
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GFX guy User ID: 9776422 United States 10/16/2012 12:03 PM Report Abusive Post Report Copyright Violation | BRICS strengthen == USD devaluation == US can afford imports == less exports for BRICS to the largest consumer nation per capita == further worldwide economic slowdown == the music is about to stop. Let the fight for the chairs commence! |
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Anonymous Coward User ID: 2140610 United States 10/16/2012 12:04 PM Report Abusive Post Report Copyright Violation | U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing. Quoting: in5d Speaking at the International Monetary Fund meeting in Tokyo this weekend, Bernanke urged Third World nations to allow their currency to appreciate as a means of actually preventing inflation. "The perceived benefits of currency management inevitably come with costs, including reduced monetary independence and the consequent susceptibility to imported inflation," Bernanke said. more here: [link to www.blacklistednews.com] notice "percieved" benefits, cause there's no benefits at all except an occasional boom that leaves us off worse than before, and yet he wants people to sacrafice their soverienty even more? nice scam |
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GFX guy User ID: 9776422 United States 10/16/2012 12:23 PM Report Abusive Post Report Copyright Violation | Quoting: Anonymous Coward 23597994 It's still about the currency wars no matter how you slice it. Extrapolate from this article: Libya: It's Not About Oil, It's About Currency and Loans By John Perkins ... The US, the other G-8 countries, the World Bank, IMF, BIS, and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets or who appear to be moving away from the international banking system that favors the corporatocracy. Saddam Hussein had advocated policies similar to those expressed by Qaddafi shortly before the US sent troops into Iraq. In my talks, I often find it necessary to remind audiences of a point that seems obvious to me but is misunderstood by so many: that the World Bank is not really a world bank at all; it is, rather a U. S. bank. Ditto, its closest sibling, the IMF. In fact, if one looks at the World Bank and IMF executive boards and the votes each member of the board has, one sees that the United States controls about 16 percent of the votes in the World Bank – (Compared with Japan at about 7%, the second largest member, China at 4.5%, Germany with 4.00%, and the United Kingdom and France with about 3.8% each), nearly 17% of the IMF votes (Compared with Japan and Germany at about 6% and UK and France at nearly 5%), and the US holds veto power over all major decisions. Furthermore, the United States President appoints the World Bank President. So, we might ask ourselves: What happens when a “rogue” country threatens to bring the banking system that benefits the corporatocracy to its knees? What happens to an “empire” when it can no longer effectively be overtly imperialistic? ... read more: [link to www.johnperkins.org] |
Saddletramp User ID: 736749 Puerto Rico 10/16/2012 12:40 PM Report Abusive Post Report Copyright Violation | And the third world should tell Bernanke to fuck the fuck off... "And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius "Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..." "We don't rent pigs!" |
Anonymous Coward User ID: 25666515 Slovakia 10/16/2012 12:44 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 11302446 United Kingdom 10/16/2012 12:45 PM Report Abusive Post Report Copyright Violation | Well the third world deserves it, because they keep hording up US dollar and Treasury shit paper which keeps its yield low, allowing the Fed to buy into the market with ease and devalue without causing too much inflation. The third world, on the other hand, cannot devalue so much because their inflation rates are too high. Hence they do not have the same privilege, even when their economy seems to be slowing down (best example: India). So Third World (i.e. China, Brazil et al, since these are the ones that matter), please do not complain. If you don't like it, dump $US paper. That simple. |
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