Bernanke, manipulating the US currency - Shaun Rein
Ben Bernanke via Wikipedia
Global investors are rightly worried that with the U.S. money supply growing the value of the dollar will continue to drop. So what are they doing? Companies like Apple, General Electric and Pepsi are investing in emerging markets like Brazil, India and China that are rebounding better from the crisis. The result is massive asset bubbles in those places that could create great volatility if they popped.
In other words, Bernanke is unleashing America's economic woes and bubbles on the rest of the world. America's closest allies like Germany and Brazil are protesting, sensibly, as are the Chinese. They don't want Bernanke to fob off America's problems onto them.More in Forbes
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Shaun Rein by Fantake via Flickr |
Labels: Bernanke, Brazil, China Speakers Bureau, Fed, Germany. China, Shaun Rein
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