Obama returns fire after China slams Fed's move

activistpost · 09-11-2010, 01:02 PM

President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week's Group of 20 meeting.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent a currency row escalating into a rush to protectionism that could imperil the global recovery.

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blackstar76 · 09-11-2010, 01:05 PM

Everyone knows that printing money you don't have or can't pay back is a recipe for disaster. I don't know why Obama and company don't see it. Perhaps they do and just don't give a shit.

activistpost · 09-11-2010, 01:12 PM

Quote:

Originally Posted by blackstar76

Everyone knows that printing money you don't have or can't pay back is a recipe for disaster. I don't know why Obama and company don't see it. Perhaps they do and just don't give a shit.

One theory is that they need this "problem" to become a global crisis, forcing a move to a global currency. If you have seen Glenn Beck's "15 Days" scenario for collapse, he spells it out completely.

samina · 09-11-2010, 01:32 PM

He said, "Yo's fuckin' slit eyed, goofy, moon faced, four eyed, goddam yellow bastards, aint tellin's me what to do."

blackstar76 · 09-11-2010, 02:11 PM

It's just a joke what is going on. Obama annouced 10 billion export business with India. Basically showing that he is working on the economy. Sounds good right? Except they borrowed 600 billion to fix the economy. One step forward ten steps back.

09-11-2010, 01:02 PM	#1
activistpost Join Date: Jul 2010 Posts: 365	Obama returns fire after China slams Fed's move President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week's Group of 20 meeting. The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent a currency row escalating into a rush to protectionism that could imperil the global recovery. Read More

09-11-2010, 01:05 PM	#2
blackstar76 Senior Member Join Date: Apr 2010 Location: Ontario Canada Posts: 4,131	Everyone knows that printing money you don't have or can't pay back is a recipe for disaster. I don't know why Obama and company don't see it. Perhaps they do and just don't give a shit. __________________ This place is dead as heaven on a saturday night. But my very close companion gets me falling and get me laughing. She a hundred but she's wearing something tight---Lenoard Cohen

09-11-2010, 02:11 PM	#5
blackstar76 Senior Member Join Date: Apr 2010 Location: Ontario Canada Posts: 4,131	It's just a joke what is going on. Obama annouced 10 billion export business with India. Basically showing that he is working on the economy. Sounds good right? Except they borrowed 600 billion to fix the economy. One step forward ten steps back. __________________ This place is dead as heaven on a saturday night. But my very close companion gets me falling and get me laughing. She a hundred but she's wearing something tight---Lenoard Cohen

09-11-2010, 01:32 PM	#4
samina Inactive Join Date: Feb 2010 Location: Paris Posts: 458	He said, "Yo's fuckin' slit eyed, goofy, moon faced, four eyed, goddam yellow bastards, aint tellin's me what to do."