Bretton Woods II: A New World Financial Order (2 Viewers)

[Bjerknes]

By the way, the trade deficit has increased unexpectedly this month and Bernanke will probably cut rates next week, thus increasing the money supply to ridiculous proportions. I think Bernanke is literally trying to devaluate the dollar and send us into hyperinflation. This constant money printing always ends up in currency devaluation, so get ready. Fucking shit sucks.

 

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[rounder]

There goes the American economy.

 

[Bjerknes]

So the hardline Swiss bankers, known for their staunch conservative methodology, decided to cut interest rates to 0.5 %. The Telegraph reported that the Swiss think inflation is not a problem any longer, but rather the solution to the problem.

AH-HA! If Switzerland goes to zero percent, and the rest of the world follows, good-bye US dollar!

 

[Nenz]

Ok as of today we will see the shit hit the fan unless George Bush does something big. GM's bailout failed!

 

[IrishZebra]

You're assuming of course that these new Bretton-Woods institutions would have any bearing on Liberal-Capitalism wielded by an increasingly realist power base.

 

[Bjerknes]

Well, it seems as if printing money is the answer, so if they want to delay the inevitable, fine, let them delay it, but better fork over some gold or hand me some Ameros if that is the case.

 

[Elvin]

I've seriously considered buying Chinese Yuan.

In any case, I'm glad I picked to study in Canada rather than US 4 years ago.

 

[Bjerknes]

China will dump the US dollar sooner or later, the Chinese have savings, they have a strong current account surplus, so the Yuan should be a sound currency. Asia is trying to get away from the dollar as they are tired of our nonsense, so once that happens the Yuan is the currency of the future for Asia or maybe even the world.

 

[Amaurisimo]

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