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The truth behind the GOOD economy is actually this

McDollar

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Many countries are accusing USA for desperately and blindly printing out tones of currency notes in their struggle to stay afloat. The Federal Reserve is literally passing their own crisis on to all other economies in this world.

http://news.xinhuanet.com/world/2010-11/08/c_12747780.htm

美狂印钞票救市遭多国炮轰

2010年11月08日 08:20:57  来源: 新华国际 【字号 大小】【留言】【打印】【关闭】

新华网消息:《参考消息》11月8日刊登题为《美狂印钞票救市遭多国炮轰》的文章,以下为文章主要内容:

损人利己 美联储转嫁本国危机

【阿根廷《民族报》11月6日报道】在首尔二十国集团峰会即将开幕之际,中国、巴西和德国昨天严厉批评白宫的经济政策,认为美联储增加流动资金以推动贷款和消费的做法是荒唐的。

上述三国是在国际货币基金组织作出历史性决定——增加新兴经济体投票权,使中国成为该机构中排名第三的重要成员之后,不同寻常地对美国提出批评。

中国外交部副部长崔天凯对美国确定经常项目目标的计划提出批评,提醒美联储本周宣布向美国经济注入6000 亿美元的所谓量化宽松政策非常危险。他指出,美国欠中国一个解释,并强调,作为储备货币的主要发行国,美国应该采取负责任的态度。

德国财政部长沃尔夫冈·朔伊布勒则说:“美国向经济注入更多资金的计划不能解决这个国家的问题。”他语带讽刺地说,“世界需要美国的领导”。

巴西财政部长吉多·曼特加也对美联储的决定提出严厉批评。他说:“全世界都希望美国经济复苏,但从直升机上向经济空投美元毫无用处,因为它不会推动经济增长。这项措施唯一的结果就是造成美元贬值,使美国在国际贸易中拥有更大竞争力。”

【美联社柏林lI月6日电】德国财政部长朔伊布勒在接受采访时称,美联储向金融体系注资的行为增加了全球经济的不确定性,并且有损美国信誉。

朔伊布勒说:“美国一方面指责中国操纵汇率,一方面却借助印钞机人为压低美元汇率,这种做法很不恰当。”

【俄罗斯战略文化基金会网站11月6日报道】俄财政部副部长德米特里·潘金表示,美联储采取的最新货币措施是危险的。

潘金认为,“美国通过增加货币量来解决自身问题的同时,将造成新问题。美联储的行为可能导致形成新的金融泡沫,并使汇率失衡。这种措施的受害者不是美国,而是新兴经济体”。

【路透社华盛顿/北京11月5日电】美联储本周决定购进6000亿美元的长期国债。这一决定引发其他国家对热钱流入的担忧。

巴西央行行长恩里克·梅雷莱斯说.一个 “共同的主题”正在形成,“美国过剩的流动性正在给其他国家带来问题”。

南非财政部长普拉温·戈尔丹说,美联储的政策 “损害了二十国集团领导人在危机期间努力捍卫的多国合作精神,也违背了二十国集团财长和央行行长会议的精神”。他还表示,热钱流入新兴国家市场有可能会对它们的出口造成毁灭性影响。

自我辩护 伯南克否认加剧通胀

【香港《星岛日报》ll月6日报道】题:罗杰斯弹伯南克只懂印银纸

美联储启动第二轮量化宽松引致恶评如潮, “商品大王”罗杰斯批评伯南克“不懂经济学,只懂印银纸(钞票)”;国际货币基金组织则指资金将大量流入新兴市场,部分新兴国家官员对美联储的决定均有微辞,指此举会导致区内金融不稳定。

罗杰斯周四在英国牛津大学表示:“伯南克博士不懂经济学,不懂外汇,也不懂金融,他只懂印银纸……他的学术生涯就是研究印银纸,给他一台印刷机,他就会使劲地开动。”

罗杰斯说,没有任何一个国家能利用货币贬值来刺激经济复苏。对于“商品大王”的刻薄,批评,美联储发言人拒绝回应。.

【美联社佐治亚州杰基尔岛ll月6日电】美联储主席本·伯南克今天为美联储购买6000 亿美元国债以刺激经济的新计划进行辩护,反驳这样做会导致通胀失控的说法。

伯南克在此间举行的一次会议上说,3日宣布的新计划不会促使通胀上升到“超常”水平。

【香港《明报》lI月7日报道】题:伯南克为量宽政策辩护 “美国好,世界才好”

美联储推出第二轮量化宽松政策后遭多国财金官员围攻,被指损人利己,并计划于本周的二十国集团峰会讨论此事。美联储主席伯南克在饱受抨击下为第二轮量化宽松政策护航.称当局“首要目标”是为美国创造就业,又否认“印银纸”措施令通胀加剧。

周五在佛州杰克逊维尔大学演讲,被学生问及第二轮量化宽松政策对环球经济的影响时,伯南克直言:“美联储首要目标是维持美国物价稳定,为美国创造最多就业职位。”他否认此举是漠视他国经济,因“美国经济强健,不但对美国重要,而且关乎全球经济复苏,因此确保美国经济迅速复苏相当重要”。

对于第二轮量化宽松政策刺激各国货币对美元上升,伯南克强调只有美国经济转强才可对美元带来支持。“我们深明美元对环球经济的重要。美国经济恢复强劲增长,才是巩固美元的基础。”

伯南克预计,第二轮量比宽松政策可带动经济增长,之后才会出现通胀压力。只要美国经济转强,量宽政策的资金亦会被市场“吸收”。倘通胀压力显现,美联储会“在适当时机收紧货币宽松政策”。

严阵以待 新兴国部署围堵“热钱”

【法国《费加罗报》ll月7日文章 题:货币战与二十国集团

奥巴马在国会中期选举中的失败使美联储开始用印钞票的办法来刺激经济,因为美国的新增就业一直不足。从美国角度看,这样一个决定以及在这个时候作出这样的决定都是符合逻辑的。

如今,美国的赤字已经占国内生产总值的lO%。因此,不可能再指望用财政手段为美国经济注入前进的“燃料”,剩下的只能是货币手段。当然,这一切必须取得成效才行。而在此之前,全世界都在担忧美联储这一宽松政策可能产生的后果。

美元是世界上最好的储备货币,美国经济被注入如此巨量的流动性必然会导致资金进入其他国家,因为这些国家的收益更好。这就意味着美国主要贸易伙伴的货币比价将升值。

这一做法恰恰印证了尼克松时代的美国财政部长康纳利所说的一句话:“美元是我们的货币,却是你们的麻烦。”

【《香港经济日报》11月7日报道】题:中国全方位抗衡量宽

量化宽松的影响继续席卷全球金融市场,虽说兵来将挡、“水”(量化宽松致流动性泛滥)来土掩,但似乎北京已启动全方位“应战”策略,经济上先在10月19日加息,而下周四公布CPI 等数据前后,估计仍可能会动用多种货币政策工具,以疏浚“洪峰”。

【香港《太阳报》ll月6日报道】欧洲、英国、日本等主要经济体的央行本周相继举行议息会议,一如二十国集团财长会议早前所达成的协议,大家尽量避免卷入货币战,因此欧、英、日央行均保持克制,不仅没有调整利率,也没有跟随美联储起舞,扩大其量化宽松措施。

与发达国家央行姿态截然不同的是,新兴市场对美联储增加“印银纸” 救币的做法,大多严阵以待,例如越南央行昨日大幅加息一厘(1%),将主要利率加至九厘。其他如南韩、泰国、巴西等国的财金当局,纷纷推出各种政策,增强对大量热钱涌入的防御能力。亚洲各国央行更考虑研究对策,应付可能来势汹汹的新一轮热钱攻势。

欧、英、日央行暂时按兵不动,除了是不想与美国打一场货币战之外,也可看作是缓兵之计,视第二轮量宽政策

“做泡”的威力有多大,再谋定而后动。如果美国继续用注入流动资金的方法,拯救其金融市场和实体经济,其他国家则别无办法,只好硬着头皮应战。

声明:本文只代表《参考消息》观点,不代表新华网立场。本网对其文字的原创性和真实性不负证明责任。
 
If the rate our Singapore government
increasing it's volume of million dollar ministers .

we be like USA in no time .
 
Why is this even news at all . Like the world is sleeping since the 90s .
 
The USA is pretty stupid. It is time to peck the currency with the EURO or REmibi ahahha.
 
The USA is pretty stupid. It is time to peck the currency with the EURO or REmibi ahahha.

England osso no good, peg and peck osso nono the difference.

China osso lousy pinyin, renminbi spell as remibi

No wonder come here KPKB :D
 
soon it will devalue till worthless and we can use it to burn for 7th month.


When that happens, the world will come to a standstill.

China will be the hardest hit since they are holding so much USD, and they are export driven. USD is still the currency that the world uses for trade.

Inflation and commodity prices will hit sky high. Those economy that are self sustained will be less hit, since internal comsumption turnover will not impact them so much.
 
http://abcnews.go.com/Business/wireStory?id=12094356

G20 Leaders Meet Amid Strains as US Splashes Cash
G20 leaders meet amid strains over currencies, trade as US splashes cash to boost economy
The Associated Press
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By KELLY OLSEN AP Business Writer
SEOUL, South Korea November 9, 2010 (AP)
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A man walks by a screen showing flags of participating nations of the G20 Summit at the venue for... Expand
A man walks by a screen showing flags of participating nations of the G20 Summit at the venue for the summit meeting in Seoul, South Korea, Monday, Nov. 8, 2010. South Korea's military is on high alert and scores of police are fanning out across Seoul as the city prepares to host the Group of 20 summit this week. (AP Photo/ Lee Jin-man) Collapse
(AP)

Tensions over currencies and trade gaps are simmering ahead of a summit of global leaders this week as America's move to flood its sluggish economy with $600 billion of cash triggers alarm in capitals from Berlin to Beijing.

The Group of 20 major rich and developing nations has taken on the role of reforming the world economy in the wake of the 2008 financial crisis. Its leaders first met two years ago and have set out an ambitious agenda to ensure stable economic growth, strengthen financial supervision to prevent another meltdown and give developing countries more of a voice.

But discussions on achieving those goals at the summit Thursday and Friday in Seoul are being complicated by the Federal Reserve's decision to buy $600 billion of Treasury bonds over the next eight months with the aim of lowering interest rates to spur growth and cut the high unemployment rate.

Export-reliant nations, many of them poor, fear the Fed move will drive more cash into their markets in search of higher returns, driving their currencies even higher and hurting manufacturers that provide jobs and security for fast-growing populations. At the same time, China has maintained tight control over its currency, the yuan, adding to criticism it is kept artificially low and gives Chinese exporters an unfair export advantage.

At the heart of the discussions is the recognition that a decades-long global economic order centered on the U.S. buying exports from the rest of the world and running huge trade deficits while countries such as China, Germany and Japan accumulate vast surpluses is no longer tenable in the aftermath of the crisis.

"The present world economy is unbalanced," Paul Volcker, a top economic adviser to President Barack Obama and a former Fed chief, said in Seoul last week. "It's unbalanced in a way that can't persist if we are going to have a thriving global economy."

The attempt to give the world economy an extreme makeover has gotten some of its momentum from the rise of countries such as India, China and Brazil to become economic and political giants in their own right. The G-20 meetings themselves are a sign of how much things have changed since the crisis. They symbolize the end of a system in place since the 1940s in which the world economy was managed largely by a handful of rich nations led by the United States, Europe and later Japan.

The forum, established in 1999, is a disparate combination of rich nations, developing economies, rising powers and consumers and producers of natural resources. The European Union is also a member. It took the financial crisis, however, to thrust the G-20 into a position of global leadership, supplanting the Group of Seven club of advanced nations.

Besides discussing currencies and reducing trade gaps, G-20 leaders are also likely to endorse proposals for beefing up supervision of large banks and other financial institutions. They are also widely expected to express support for a proposal to give developing countries more voting power at the International Monetary Fund and seats on the board of the key global lender.

There is broad agreement within the G-20 on the need for countries such as China to consume more, save less and let their currencies strengthen to become less reliant on exports for growth. But the questions of how fast, how to go about it and the role of U.S. policies have caused divisions.

Recent debate centered on a U.S. proposal unveiled at a G-20 meeting of finance officials last month to set guidelines for when surpluses and deficits in the current account — a broad measure of trade and investment — become potentially destabilizing.

Those officials agreed that G-20 members will not use their currencies as trade weapons and will also work to come up with guidelines for current account gaps, calming fears of a trade war.

But tensions re-emerged when the Fed announced its bond buying plan last Wednesday. Aside from concerns about exports, the massive increase in the supply of dollars is a potential threat to the wealth of many nations because the bulk of their foreign currency reserves are stored in dollar-denominated assets.

In Beijing, Vice Finance Minister Zhu Guangyao said Monday that China would have a "candid" exchange of views with the U.S. and called the bond-buying plan "a shock to the stability of global financial markets."

His criticism followed that of other G-20 capitals. German Finance Minister Wolfgang Schaeuble said he didn't think the plan would work and that the Americans are "creating extra problems for the world." Guido Mantega, Brazil's finance minister, said the move would devalue the dollar and hurt Brazil and other exporters.

During an official trip to India, Obama backed the Fed's decision and emphasized America's interest in using the G-20 to better balance the global financial system, taking a veiled hit at China's resistance to letting its currency rise.

"We can?t continue to sustain a situation in which some countries are maintaining massive surpluses, others massive deficits, and there never is the kind of adjustments with respect to currency that would lead to a more balanced growth pattern," he told reporters Monday.

Despite the heated debate, it is widely agreed that the G-20 gatherings are positive and provide, in Volcker's words, a reminder that the leaders "have a common problem."

Yet the challenges are also seen as enormous.

"The problem is that we let the imbalances grow so large that there's no easy fix now," said Bill Belchere, chief global economist for Mirae Asset Securities in Hong Kong. "The adjustments necessary are politically palatable to no one."

———

AP Business Writers Erika Kinetz in Mumbai, India and Joe McDonald in Beijing contributed.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
 
Fucking shit! I tot I was the bastard printing all these AUTHENTIC COUNTERFEITS, fortunately the nigger printed much more than me. :D:D Heng Ah!
 
Why is this even news at all . Like the world is sleeping since the 90s .

Not at all as this video will explain in greater detail. Hopefully the picture of the corrupted power structure, the link of oil to the modern economy will be much clearer for those who view it.

<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/l0zBFtpfO5g?fs=1&amp;hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/l0zBFtpfO5g?fs=1&amp;hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
 
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