Romer Says Sustained Stimulus Needed to Avoid Policy Mistakes of the 1930s The Obama administration is determined to avoid the policy mistakes of the 1930s by providing large and sustained fiscal stimulus until the economy rebounds, the White House’s chief economist said. (http://www.bloomberg.com/apps/news?pid=20601103&sid=a7cJMQ_r6o8U&refer=news)
Right, just keep on printing US dollars until the economy recovers... now the whole world is getting a bitter lesson in what it means for them when the sole super power of the world flexes its muscle. The rest of the world pays for their indulgence, partying and scientific and military domination of the world!
G20
"Hu said China has maintained the basic stability of the yuan exchange rate, and urged the G20 to maintain "relative stability" of exchange rates among major currencies, a view Finance Minister Xie Xuren had flagged last week.
-By Terence Poon; Dow Jones Newswires; 8610 6588 5848; [email protected]"
The USA and Britain must be so happy to hear this. They print and print money but the exchange rate remains "stable" because the despots are powerless to do something about it.
Chairman Ben S. Bernanke said yesterday in Charlotte, North Carolina that the Fed must retain the flexibility to withdraw its record cash injections to restrain prices. Vice Chairman Donald Kohn said in Wooster, Ohio, “the trick will be unwinding this balance sheet in a timely way to avoid inflation.”
There might be some hope for the US Dollars yet with this statement (in the meantime the US trading partners suck thumb looking at them printing money to buy their goods)... but if the money pumping doesn't work?
HO HO HO, stagflation and END OF THE WORLD!
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Uncle, did u took the wrong medicine...the left ones inside the cabin is for LKY one hor.
Originally posted by angel7030:Uncle, did u took the wrong medicine...the left ones inside the cabin is for LKY one hor.
The words of an insane ass
"After all, I am an Angel of God" 05 Feb `09, 6:04PM
"for God, Angel, on behalf of Gabriel" 16 Apr `09, 10:42AM
hahahahaha!!!!! Obama is brilliant, screwing the Chinese despots and they do not even know it!!!!!
"Today’s report follows a statement from U.S. Treasury Secretary Timothy Geithner that China isn’t a currency manipulator. His stance eases pressure on China to allow its currency to rise, which would hurt efforts to revive exports."
Of course now Timothy Geithner will say that since the USA is freely printing US Dollars, the despots in China can manipulate and keep their currency weak all they want... USA just print more money to buy from their coolies in China!!!
GM won't make debt payment, bankruptcy ‘probable'
hahaha, now they use hard ball tactics, "Convert your loans to us into shares... or you get nothing back when we declare bankrupt."
Damned cursed despots were probably forced similarly to convert their (paid with public money) high paying interests Citibank preference shares into common stock.
Morning Uncle, Medication Time!!, guai guai open yr mouth ya...
Ok, u can post the Angel of God for me now..