Global Anger Swells at Fed actions And Germany calls U.S. Move ” Clueless”

Global anger at a fresh round of liquidity injections ($600 Billion) into the U.S. economy swelled on Friday as Germany called the move “clueless” and emerging nations protested that it will wreak havoc on them.

Resentment abroad stems from worry that Fed pump-priming will hasten the U.S. dollar’s slide and cause their currencies to shoot up in value, setting the stage for asset bubbles and making a future burst of inflation more likely.

“With all due respect, U.S. policy is clueless,” German Finance Minister Wolfgang Schaeuble told a conference.

“(The problem) is not a shortage of liquidity.* It’s not that the Americans haven’t pumped enough liquidity into the market, and now to say let’s pump more into the market is not going to solve their problems.”

http://articles.moneycentral.msn.com/news/article.aspx?feed=OBR&…

America Told Our Leaders Stop Spending. And they Ignored Us. I believe this Administration and

Bernanke are trying to destroy our Currancy and pile up enough debt that we cannot recover.

They believe we will have to turn to Government and, Socialism is what they have waiting for us.

There is no defense for this new round of spending.

We are being attacked by an enemy and, its our own Government.



Advertisements
This entry was posted in democrats, economy, obama, Politics, socialism, socialism and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s