Yea. The Germans put a shot across our bow by telling us that the QE’s may amount to manipulation of the dollar.
Bruederle also said that Bernanke’s QE plans are the wrong way to try to stimulate the economy.
Bill Gross has speculated earlier this month that the Fed might buy up $1.2T of government debt in the next year. That’s causing the Europeans and Japanese some serious heartburn, I’m sure.
In other news, the G-20 released PR twaddle saying that they’re in agreement to “move towards more market determined exchange rate systems that reflect underlying economic fundamentals and refrain from competitive devaluations of currencies.”
I’ll believe it when I see it.
My personal opinion is Europe can only go so far without the assurances that the US becomes less and less powerful. Of course we see this administration is happy to comply. Obama has international aspirations so he is absolutely useless in fighting to maintain our sovernity and power...rather he is a large part of our problem as well as the congressional members we are trying hard to get out.
When one keeps their eye on the money, who has it and who is trying to control it...the whole picture is really quite clear. Europe wants control and will in time truly wrestle with us to attain that...we see pockets of this happening now. When you watch who are members of the IMF and World Bank, as well the G-20 you can pretty much see they're all positioning for individual power amongst themselves, and who will be involved in the final run to control the monetary systems....it's a boxing match among those men who seek that power.