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Greece, Athens: Protesting firefighters light red flares in front of a police cordon blocking the entrance to the Greek Parliament in Athens on March 23, 2010.(AFP Photo / Louisa Gouliamaki) 28.04.2010, 17:14 3 comments

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Banks taking on too much risk as deposits boom

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Rebounding Rouble looking higher in 2010

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Currency wars point way to managing imbalances

Published: 25 October, 2010, 08:32
Edited: 25 October, 2010, 21:32


Despite the truce that G20 countries made this weekend agreeing not to devalue currencies to tackle financial imbalances, some fear the US has been long involved in a currency war.

 
4 COMMENTS
Charles October 25, 2010, 11:32 quote
0

Why would not mention the fact that the U.S. Government is also paying local storage facilities across America to store grain, wheat, corn, soy bean. Why would we not mention of the U.S. Government paying for information from farmers on what they are planting and how many acres of it. Or what of paying farmers to not plant crops? Would this not be controling of the commodities market? The corrupt corporate U.S. Government that we have should and will come to and end eventually. It is long past due for the American people have slept to long on this matter and have slowly been awakened. The people are finally seeing the Corrupt elected officials are nothing more than corporate puppets. The Federal Reserve needs and will come to an end. They the U.S. government have done nothing more than become a common thief stilling from the tax payers of America and selling our rights and freedom to the highest bidders. They pass un-constitutional laws, they send our troops into illegal wars to protect the interest of their corporate masters. They commit terrorist acts against the people of America and than put the blame to another in order to move in and still oil, minerals, and even drugs from other countries. They commit treason and many other unlawful acts against American and humanity.

MEJanssen October 25, 2010, 21:31 quote
0

As long as central banks have the ability to operate without transparency, there will be underhanded tricks performed against other countries or financial centers that are viewed as "uncooperative". I suspect that is what happened to Russia in 2008. But then, it happens all the time, and not just in the currency markets. Commodity prices, especially oil and lately "rare earths", have also been used in war for decades. What is nice about commodity and currency wars is you don't actually have to "declare" war and you can still act like a "friend" when face to face with diplomats.

Physicist November 01, 2010, 09:50 quote
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I know next to nothing about ecoomics, but it seems reasonable to me to increase the money supply when there is a large trade imbalance. The fact that this might lead to the 'already rich' losing wealth, says more about corporation governance failure and investor responsibility than anything else. When times were good, investors were quite happy with their corporate tyrannies and they voted for their CEO's massive salary increases so now their chickens are coming home to roost they want to eat duck!

Bill Moylan November 09, 2010, 14:09 quote
0

Before the US$ collapses those countries etc that have US treasurey bonds and $'s will start to buy up america so the US will own nothing of its infracture. The GREATEST HOUSING SELL OFF OF ALL TIME IS JUST BEGINNING with parking meters in cities toll roads and building's !!

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