News: Bernanke Blames China For Currency Policies

moga · Nov 19, 2010

http://www.forbes.com/2010/11/19/bernan ... nnellatest

The bearded academic also denied that his institution's second round of long-term asset purchases, dubbed QE2, was responsible for the weakening of the dollar. "Much of the decline over the summer in the foreign exchange value of the dollar reflected an unwinding of the increase in the dollar's value in the spring associated with the European sovereign debt crisis," noted Bernanke. The depreciation of the greenback is due to "changes in investor risk aversion" and the "underlying strength and stability that the U.S. economy has exhibited over the years," he said.
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Wow...I'm totally speechless. Bernanke would make even Orwell blush with his BS.

EJR914 · Nov 19, 2010

I think your Icon is very appropriate here. This is a landslide of BS. Apparently, his beard is the only thing that qualifies him to be the Fed Chairman. He has no idea what he is talking about, just a puppet.

JiG · Nov 19, 2010

http://garynorth.com/public/7261.cfm

(ETA: it has a couple naughty s words, nothing bad at all)

luangtom · Nov 19, 2010

A mere tool of King Barack and Princess Nancy......whadda fool.

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News: Bernanke Blames China For Currency Policies

moga New Member

EJR914 Cheezburger Operator

JiG Awaiting censure

luangtom Active Member