These guys are so low key in everything they say. They could say the building is one fire and they would do it in monotone and take 5 minutes to say it.
What do youguys make of what Bernanke said here? Is this the very beginning of a new system?
"Federal Reserve Chairman Ben Bernanke’s speech in Frankfurt may be one of the most important and underreported events since America abandoned the gold standard. In it, he said the dollar standard was flawed and that America’s trade deficit was imperiling America.
“t would be desirable for the global community, over time, to devise [a new] international monetary system,” he said.
Never before has a Fed chairman made such an admission. Never before has one ever disparaged his own currency in such a way.
The speech was a radical departure from the status quo and a major signal for a looming policy change. It means that trade war is virtually guaranteed and the dollar will soon be devalued. Dramatic global economic upheaval is on the way.
On November 19, Ben Bernanke told a room full of bankers in Frankfurt, Germany, that the world’s sense of common purpose had waned. Tensions among nations over economic policies are intensifying, he said. It threatens the world’s ability to find a solution. "
http://thetrumpet.com/index.php?q=7701.6281.0.0
What do youguys make of what Bernanke said here? Is this the very beginning of a new system?
"Federal Reserve Chairman Ben Bernanke’s speech in Frankfurt may be one of the most important and underreported events since America abandoned the gold standard. In it, he said the dollar standard was flawed and that America’s trade deficit was imperiling America.
“t would be desirable for the global community, over time, to devise [a new] international monetary system,” he said.
Never before has a Fed chairman made such an admission. Never before has one ever disparaged his own currency in such a way.
The speech was a radical departure from the status quo and a major signal for a looming policy change. It means that trade war is virtually guaranteed and the dollar will soon be devalued. Dramatic global economic upheaval is on the way.
On November 19, Ben Bernanke told a room full of bankers in Frankfurt, Germany, that the world’s sense of common purpose had waned. Tensions among nations over economic policies are intensifying, he said. It threatens the world’s ability to find a solution. "
http://thetrumpet.com/index.php?q=7701.6281.0.0
