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Drudge: NEW WORLD ORDER: BAILOUTS HELPED FOREIGN FIRMS...
APNews - DRUDGE ^ | 8/12/10 | MARCY GORDON

Posted on 08/12/2010 2:54:39 PM PDT by American Dream 246

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To: American Dream 246

I hate to rain on everyone’s parade, but:

The federal reserve printed the excess dollars and kept the interest rate too low for too long.

That made obtaining leverage in dollars cheaper for everyone, everyone in the world, whether they were in Oshkosh or in Munich.

In other words the fed’s fuel, the fed’s inflation, the fed’s balloon was not just domestic, it was exported as well.

We - through the facilities of the federal reserve and the functions of our currency in international markets - exported our debt driven, cheap credit driven economic bubble, as much as we used that bubble, domestically ourselves.

So, the “assets” - the cheap, inflated dollar based assets - affected by the whole thing were NOT restricted to only our own domestic retail banks, and liquidity questions arising from the crisis in their value - when the bubble burst - were not limited to such questions on the part of domestic institutions but could be found where ever we (the fed, the money supply, international finance) had exported the bubble to.


21 posted on 08/12/2010 3:54:07 PM PDT by Wuli
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To: American Dream 246
Now we know why the Fed needs to be audited. Hell, we are paying the freight. Now, Bernanke is buying treasuries from Geitner....it is like you borrowing money from you spouse to pay off a debt that the both of you owe.

Washington thinks we are all idiots out here in flyover country.

22 posted on 08/12/2010 3:54:38 PM PDT by Texas Songwriter
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To: American Dream 246

I want a new Tammy Wynette song,

“I*M*P*E*A*C*H.... becomes final today”

LLS


23 posted on 08/12/2010 4:54:56 PM PDT by LibLieSlayer (WOLVERINES!)
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To: American Dream 246

Cash For Clunkers also helped Toyota, Honda, Hyundai, and VW more than it helped us. Some success story.


24 posted on 08/12/2010 5:08:14 PM PDT by TwelveOfTwenty (Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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To: American Dream 246

ugh


25 posted on 08/13/2010 4:37:00 AM PDT by tutstar
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To: American Dream 246

Take it from me, Palin isn’t a good choice for the GOP in 2012. Liberals and socialists had a hayday with her. A way better choice is Ron Paul or another paleoconservative or constitutionalist.


26 posted on 08/14/2010 10:48:28 PM PDT by citizenredstater9271
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