Strategie // Timothy Geithner are dreptate, nu va adopta niciodata strategia devalorizarii dolarului. Dar ceva s-a intimplat in ultimele luni. Cred ca a adoptat strategia tiparirii dolarilor.

:) // Nu au adoptat strategia devalorizarii dolarului, dar au adoptat tactica devalorizarii dolarului.

Pentru visatori // Pentru cei care mai cred ca "ai lor" sunt mai breji. Ca nici cu mugurel benerel mama omida al nostru nu mi-e rusine. Fed Chairman Ben Bernanke lies: * (November 15, 2005) "With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly." * (July, 2005) "We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though." * (October 31, 2007) "It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions." * (November 21, 2002) "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost." * "The money supply is not changing in any significant way. What we’re doing is lowering interest rates by buying Treasury securities." * "One myth that’s out there is that what we’re doing is printing money. We’re not printing money." * (When asked directly during a congressional hearing if the Federal Reserve would monetize U.S. government debt) "The Federal Reserve will not monetize the debt."

Minte // SUA nu are ce sa faca. Are datorii numai la China de peste 1000 miliarde USD, datoria a ajuns la 70% din PIB si continua sa creasca. China mai nou nu vrea sa astepte devalorizarea completa a hartiilor verzi, si a inceput sa faca excedent bugetar - mai bine sa foloseasca dolarii acum cat mai au valoare; iar daca asta va produce prabusirea pozitiei dolarului ca modeda de schimb, cu atat mai bine - China va putea folosi Yuanul chinezesc (renminbi); si asa au semnat cu Rusia si cu Turcia acorduri de schimb in monede proprii, aruncand in piata o gramada de dolari care a produs inflatie. Ca sa controleze datoria publica si deficitul bugetar SUA are 2 solutii: 1. Sa produca inflatie printand dolari si cumparand cu aceste hartii verzi alte valute (ceea ce inseamna scaderea cursului dolarului - se intampla chiar acum), scaderea atractivitatii marfurilor din import (care vor valora mai multi dolari in vreme ce salariile nu s-au schimbat) conducand la echilibrarea balantei import/export, scaderea nivelului de trai al populatiei cu reducerea costului muncii rezultand in cresterea competitivitatii. 2. Sa taie salariile si pensiile cu efecte similare, mai putin faptul ca datoria ar ramane mai mare decat in cazul in care ar devaloriza dolarul. Nu sunt economist, dar imi e evident ca SUA printeaza dolari chiar la ora asta. Multi. Acum 3 luni am facut o prezicere: ca dolarul va ajunge la 2,5RON pana la sfarsitul lui 2011. Acum cred ca m-am inselat; 2,4RON, asta ar fi prezis mama Omida.