Posted on 10/03/2010 3:14:10 PM PDT by blam
After watching Eddie’s fiasco in D.C. yesterday, I think a lot of people are “stuck on stupid” also. Wow! What a bunch of America haters!
NB that the IMF has finally announced in ‘polite’ company what has been going on for the last year+: Countries are devaluing their currencies to make their exports more attractive.
This deliberate currency devaluation is in direct violation of WTO trade provisions, but no one in elected office has the balls to declare their trade partners “currency manipulators.” Instead, they resort to euphemisms to avoid actually invoking the WTO.
Hence my assertion that the current “free trade” agenda won’t work. Everyone is now in a “beggar thy neighbor and their own citizens” mode of currency manipulation, aside from the small-economy chumps in the EU who gave up their own currencies to adopt the Euro.
End the fed and outlaw fiat money in America.That will really shake the IMF up and rain on their funny money game.These guys have raped the world without lifting a finger and we allow this nonsense.
The question that must eventually be answered:
Are we facing an extreme deflationary downturn (by whatever name you wish to use)?
All I hear is talk about inflation, but that can only happen if there is money to spend.
Deflation seems the most likely outcome from here. Not pretty.
I am in for that idea. We gotta put the Kibosh on this insanity.
Oh, I'm sure a lot worse things than "D-mn" will slip out.
Damn that dam, dammit! And if we had less outsourcing, a major newspaper might even get it verbiage correct.
I thought this thread had to do with the Impossible Missions Force.
Ah. So it's The Great Near-Depression.
AEP bump.
Now, if the IMF would just admit that Free Trade Globalism has been an abject failure....nah, you probably won’t get a Liberal Globalist institution like IMF to admit their agenda is a failure
Of course, the IMF needs to be disbanded, its part of the problem
NB that the IMF has finally announced in ‘polite’ company what has been going on for the last year+: Countries are devaluing their currencies to make their exports more attractive.
This deliberate currency devaluation is in direct violation of WTO trade provisions, but no one in elected office has the balls to declare their trade partners “currency manipulators.” Instead, they resort to euphemisms to avoid actually invoking the WTO.
Hence my assertion that the current “free trade” agenda won’t work. Everyone is now in a “beggar thy neighbor and their own citizens” mode of currency manipulation, aside from the small-economy chumps in the EU who gave up their own currencies to adopt the Euro.
Disbanding the IMF, WTO, NAFTA, and any regional and global economic setup would be the start to rebuilding the economy...both in the USA and around the world
yep—precise use of the English language—wielded like a fine tool
should have been
damn that brake
The fed is powerless to control deflation. The M1 is below 1. Ben can print all the money he wants if the banks don’t lend it goes nowhere. This is why the first QE did nothing and now we are looking for QE2. While the govt is out of new options the elderly, retired and savers are paying a huge price.
It could be, if you're interested, Mr C210N.
Click here.
It is time for Obozo and the Dems to pay a price.
Remember, November is Coming.
(regardless of the outcome it will not fix this, but it sure could help if Dems get destroyed in the Mid-Term elections)
Should I/we believe the 'inflation' numbers presented in this aricle?
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