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|User Info||Global: Max Is Either A Nut, Or.....; entered at 2010-10-13 10:46:06|
Corn brings up an interesting point. This is a relative world. Are others really any better? |
Interesting perspective highlighted at Jesse's Cafe Americain:
Financial Times Offers Terms to Rest of World in the Currency Wars
"....Anglo-Americans to Rest of World: We've a Gun to Our Heads, Better Surrender
"To put it crudely, the US wants to inflate the rest of the world, while the latter is trying to deflate the US. The US must win, since it has infinite ammunition: there is no limit to the dollars the Federal Reserve can create. What needs to be discussed is the terms of the worlds surrender: the needed changes in nominal exchange rates and domestic policies around the world."......"
As for Keiser, he paints a picture that there is a difference between Paulson, Geithner, Bernanke and Obama. I fail to see a significant difference. There was a seamless transfer of reigns from Paulson to Geithner.