You must have FAILED your Econ class in college. Bernanke has exported inflation to the Chinese and is forcing them to act on the value of their currency. Pure stroke of genius, in my opinion. But you wouldn't even begin to understand that.
Assume I FAILED my Econ class in college... ... and explain how Bernanke exported inflation to the Chinese. Thanks.
Dollar is a reserve currency All commodities are traded in US dollars so if dollar goes down and commodities go up it increases inflation in other countries if they don't change their exchange rate If food part of CPI is 50% and food goes up 20% that means CPI is 10% basically FED vs the World. The world will lose if they revalue and they lose if they don't The world can win only if they dump US dollar from global trade and let USA die in hyperinflation but how can this be accomplished?
genius? Are you kidding! You're thinking like you just got out of a mcgraw hill economic convention. Let's be a realist.....what happens when you piss off the whole world? You must have failed "Life" Landis. I like to keep my friends (the few I have left if I'm the US). Explain to me why it's good that the biggest holder of US bonds is going to be the Fed.
Reagan was not of Jewish faith. Federal Reserve shareholder on the other hand are. And that's all that matters, the rest are puppets.
Johnathan, we get it. Let it rest now. This tirade really does belong in another thread. And i'm no Reagan fan, believe me.