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Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies

 
in5d
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10/16/2012 10:41 AM
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Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing.

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]
Anonymous Coward
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India
10/16/2012 10:52 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing.

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]
 Quoting: in5d


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
Anonymous Coward
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Slovakia
10/16/2012 10:55 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
INFLATE, DEFLATE, CONFISCATE.


How stupid do the banksters believe the world is, or is it them?
Anonymous Coward
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10/16/2012 10:57 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Anonymous Coward
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India
10/16/2012 11:02 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
INFLATE, DEFLATE, CONFISCATE.


How stupid do the banksters believe the world is, or is it them?
 Quoting: Anonymous Coward 25666515


if you are real slovak then you know about inflation n bad economy...too much inflation here man..
Anonymous Coward
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Slovakia
10/16/2012 11:10 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
INFLATE, DEFLATE, CONFISCATE.


How stupid do the banksters believe the world is, or is it them?
 Quoting: Anonymous Coward 25666515


if you are real slovak then you know about inflation n bad economy...too much inflation here man..
 Quoting: Anonymous Coward 25681568


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
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India
10/16/2012 11:25 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
INFLATE, DEFLATE, CONFISCATE.


How stupid do the banksters believe the world is, or is it them?
 Quoting: Anonymous Coward 25666515


if you are real slovak then you know about inflation n bad economy...too much inflation here man..
 Quoting: Anonymous Coward 25681568


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.
 Quoting: Anonymous Coward 25666515


we cant do nothing we dont control treasury,banks,transportation and farms
Anonymous Coward
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10/16/2012 11:28 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
inflation and taxes are a scam...


why have humans allowed this for so long?
vesper
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10/16/2012 11:29 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
how abouts they stop.... IDK STOP PRINTING BULLSHIT MONEY
Anonymous Coward
User ID: 25666515
Slovakia
10/16/2012 11:34 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
INFLATE, DEFLATE, CONFISCATE.


How stupid do the banksters believe the world is, or is it them?
 Quoting: Anonymous Coward 25666515


if you are real slovak then you know about inflation n bad economy...too much inflation here man..
 Quoting: Anonymous Coward 25681568


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.
 Quoting: Anonymous Coward 25666515


we cant do nothing we dont control treasury,banks,transportation and farms
 Quoting: Anonymous Coward 25681568


You have lost already, by defeating yourself with their propaganda.

Or remember Gandhi´s bringing down the Empire before.
GFX guy

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10/16/2012 11:34 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Misery loves company...
"Print like there's no tomorrow!" -- the Bernanke
insanity3
Anonymous Coward
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Slovakia
10/16/2012 11:36 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
how abouts they stop.... IDK STOP PRINTING BULLSHIT MONEY
 Quoting: vesper 25585886


Their printing is their Golden Fleece.
Anonymous Coward
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10/16/2012 11:48 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing.

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]
 Quoting: in5d


In other words...

WE WILL BOMB THE SHIT OUT OF YOU IF YOU TRY IT.
Anonymous Coward
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10/16/2012 11:50 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
ben should headline on the comedy channel. funny guy.
DonHeau

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10/16/2012 11:53 AM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Sounds like he was encouraging strengthening, NOT devaluation.
We opened doors by thinking.
G3

User ID: 497757
United States
10/16/2012 11:59 AM

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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Sounds like he was encouraging strengthening, NOT devaluation.
 Quoting: DonHeau


:THIS^^^:
GFX guy

User ID: 9776422
United States
10/16/2012 12:03 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Sounds like he was encouraging strengthening, NOT devaluation.
 Quoting: DonHeau


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!
fatlady
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10/16/2012 12:04 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Your subject is wrong. He's telling them to increase the value of their currencies. NOT DEVALUE.

DO YOU EVEN KNOW THE DIFFERENCE?
Anonymous Coward
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10/16/2012 12:04 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
U.S. Federal Reserve Chairman Ben Bernanke said a little currency appreciation in the developing world is not a bad thing.

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]
 Quoting: in5d


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
Anonymous Coward
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United States
10/16/2012 12:09 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Sounds like he was encouraging strengthening, NOT devaluation.
 Quoting: DonHeau


:THIS^^^:
 Quoting: G3


Yeah, but if OP had not stated it backwards, the thread would not have been pinned!
Anonymous Coward
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10/16/2012 12:10 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Your subject is wrong. He's telling them to increase the value of their currencies. NOT DEVALUE.

DO YOU EVEN KNOW THE DIFFERENCE?
 Quoting: Anonymous Coward 25350443


he's probably a gold tard who dosn't and thinks the only thing the Fed does is "makes the worthless fiats funny munny!"
Anonymous Coward
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10/16/2012 12:11 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Now the fed wants to tun the world. I guess it always has with fiat money to the world's banks.
Anonymous Coward
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10/16/2012 12:15 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
UUHH..?

ur telling..the world? ben?

OH..YA TODAY LETS SET THE EURO..AT SAY...75CENTS? ER..YA NEXT!

HAY CHINA..LETS SET YER YUAN AT...
G3

User ID: 497757
United States
10/16/2012 12:18 PM

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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Sounds like he was encouraging strengthening, NOT devaluation.
 Quoting: DonHeau


:THIS^^^:
 Quoting: G3


Yeah, but if OP had not stated it backwards, the thread would not have been pinned!
 Quoting: Anonymous Coward 23597994


THINKER
GFX guy

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United States
10/16/2012 12:23 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
Sounds like he was encouraging strengthening, NOT devaluation.
 Quoting: DonHeau


:THIS^^^:
 Quoting: G3


Yeah, but if OP had not stated it backwards, the thread would not have been pinned!
 Quoting: Anonymous Coward 23597994


THINKER
 Quoting: G3


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

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Puerto Rico
10/16/2012 12:40 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
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
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Slovakia
10/16/2012 12:44 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
And the third world should tell Bernanke to fuck the fuck off...
 Quoting: Saddletramp


Noble from you. Yet you should understand they will turn on you instead, the common citizens in USA. Hyperinflation.
Anonymous Coward
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United Kingdom
10/16/2012 12:45 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
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.
Anonymous Coward
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Ireland
10/16/2012 01:24 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
So, what the hell are the Afghans doing with American Currency?
Anonymous Coward
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Slovakia
10/16/2012 01:30 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
So, what the hell are the Afghans doing with American Currency?
 Quoting: pool


Dealing with opium in dollars.
Anonymous Coward
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United Kingdom
10/16/2012 01:45 PM
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Re: Currency Wars: Ben Bernanke Tells Third World to Devalue Their Currencies
What effect would this have against the value of the dollar I wonder. Would it not drag the dollar down faster or would it have the opposite effect and keep the dollar aloft for just a little longer?





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