World Awakens To Criminal Banking Cartel

Tuesday, November 9, 2010
By Paul Martin

Intentional destruction of the dollar creates massive backlash among those not on board globalist bandwagon.

Steve Watson
Prisonplanet.com
Tuesday, Nov 9th, 2010

A global backlash has emerged against the Federal Reserve’s blatant policy of devaluing the dollar by printing $600 billion out of thin air, a move that analysts, economists, foreign ministers and even the Fed’s own employees charge will only serve to stall economic recovery and initiate trade and currency wars.

On the eve of the G20 summit in Seol, finance ministers in China, Brazil, Russia and the euro zone have denounced the Fed’s quantitative easing, adding to an already deafening chorus of critics.

German Finance Minister Wolfgang Schäuble was one of the first to speak out against the Fed, describing its policy as “hopeless” and “clueless” and adding that

“They have already pumped endless amounts of money into the economy with extremely high budget deficits… It doesn’t add up when the Americans accuse the Chinese of currency manipulation and then, with the help of their central bank’s printing presses, artificially lower the value of the dollar.”

China and Germany in particular are reliant on exports. Given that a cheaper dollar will make American exports cheaper, and theirs more expensive, it is hardly surprising that the two countries have been vocal in their opposition to Bernanke’s QE2.

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