IPFS News Link • Currencies
...We're Witnessing One of the Greatest Failed Experiments in Economic History
• http://www.lewrockwell.com, By Adam Taggart
It all ends in the collapse of the dollar Jim Rickards, author of the best-seller Currency Wars, sees the world’s central banks embroiled in a “race to debase” their currencies in order to restore – at any cost – growth to their weakened economies.
In the midst of the fight, the U.S. Federal Reserve wields oversized power due to the dollar’s unique position as the global reserve currency. As a result, actions by the Fed create huge percussive ripples across the battlefield, often influencing events in ways little understood by the players – and especially by the Fed itself.
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1 Comments in Response to ...We're Witnessing One of the Greatest Failed Experiments in Economic History
You are looking at the situation from a wrong perspective, Lew. You think the prime concern of the Fed is the financial stability of the nation; the real concern is for the (unidentified New York bank) owners of the Board of Governors and Ben has preformed very well.
Every action of Bernanke has been to make sure the owners are protected from bankruptcy. They will soon have to be protected from the $700 trillion (?) loss from derivatives. Ref. http://www.scribd.com/doc/101937790/Federal-Reserve-Heist .
The bankers will also be collecting on the $16 trillion debt of the United States. Are you ready ? Ref. http://www.scribd.com/doc/115919607/FUNDING-THE-NEW-WORLD-ORDER