Current Headlines

Vigilant Citizen: Illuminati Videos Update Vigilant Citizen examines two recent music videos aimed at teens and pre teens, Willow Smith’s “Whip my Hair” and Rihanna’s “Who’s That Chick”, and finds both filled with Masonic symbolism and dark, subliminal messages More ...
A Turning Point Quietly Reached Meir Kahane, whose followers celebrated his genocidal ideas in the streets of Umm al Fahm only the other day, would be dancing with delight at the way things are turning out More ...
A CCTV Fuss About Nothing? Transcripts from the 7/7 Inquest reveal more questions than answers about how police knew what they did and when More ...
Sanctions on Iran aren't working, diplomat says New sanctions on Iran aren’t having the desired effect, according to an unnamed European diplomat More ...
The Yemen Hidden Agenda: Behind the Al-Qaeda Scenarios, A Strategic Oil Transit Chokepoint After the “crotch bomber’s” appearance late last year, Yemen has been in the forefront of activity in the “War on Terror”. William Engdahl looks at what may be the real reason behind the interest in this desolate part of the Arabian Peninsula More ...
Word From Ned Dougherty Nov 1, 2010 In 1982 Ned Dougherty survived a transformational Near Death Experience. Ever since he’s been receiving messages that have great relevance to today’s events with the latest being of special relevance to children and the young More ...
Nick Kollerstrom: The Jaguar at Luton Not many will believe that an Al-Qaeda operative drives a Jaguar. Especially one who acts as a ‘minder’ to four unwitting ‘patsies’. But as we shall see, on 7/7 there is evidence of just such a ‘minder’ guiding four ‘patsies’ to their deaths More ...
Richard C. Cook: Heaven and Hell on Earth Under the delusion of ego, the controllers believe they are God. This is the definition of “Satanic” and points to the original rebellion of “the one who fell.” This Fall opened the door in turn to the Fall of Man More ...
Printer friendly version Posted 25/01/2008 Email this article to a friend

Forbes Says U.S. Dollar Policy Amounts to `Zimbabwe Economics'

Simon Kennedy – Bloomberg January 24, 2008

Federal Reserve Chairman Ben S. Bernanke and U.S. Treasury Secretary Henry Paulson are guilty of "Zimbabwe economics" by failing to step in to support the dollar, said Forbes Inc.'s Chief Executive Officer Steve Forbes.

Neither the Fed nor the Treasury has bought dollars since August 1995 and last stepped into foreign-exchange markets in September 2000 when they sold U.S. currency to buoy the euro. Paulson has said repeatedly the U.S. favors a "strong dollar" with its value set in free markets.

"I want to hear that Bernanke and Paulson are going to shore up the dollar," Forbes told reporters at the annual meeting of the World Economic Forum in Davos, Switzerland, today. "Eventually the markets will force them to. If the Fed shored up its value, it would help bring interest rates down."

The U.S. currency has fallen in five of the past six years, according to the Fed's trade-weighted dollar index. Policy makers cut the target rate for overnight banks loans by three- quarters of a percentage point on Jan. 22 as global stock markets tumbled on concern the fallout from the U.S. subprime- mortgage crisis is spreading.

The U.S. prefers a "weak" dollar because it helps the nation's exporters, Forbes said. "That's Zimbabwe economics."
www.bloomberg.com/apps/news?pid=20601083&sid=a1d6vDJU7gOg&refer=currency

Printer friendly version Email this article to a friend

Last updated 28/01/2008

Homepage

Essential Reading for Newer Readers

Back to the Future!!! Part 1 Geological evidence points to an cataclysmic event that almost defies comprehension. The problem is that it may just happen again ... and soon too. More ...
An Intelligence Insider Speaks Out: The true inside facts about the 7/7 London bombings What this website has long suspected has been confirmed. James Casbolt, himself a former MI6 operative, gets the inside story from a disaffected member of British Intelligence on who was really behind the 7/7 bombings and why More ...
Something Evil This Way Comes? We are not being told everything about the London terror attacks and, just like 9/11, contradictions and anomalies are appearing in the official account. We look back and try to fathom what really happened? More ...
Recomended Reading: Prophecy I'm going to make a confession. I'm going to put a troubling matter "on the record." I do so with some hesitation, since the business under discussion could ruin whatever small reputation I may have gained, writes Joseph Cannon More ...
Rixon Stewart: Two Minutes to Midnight The clock is ticking toward war, domestic clampdown and the long foretold appearance of a “dark messiah”. And guess what? We think we’ve spotted him More ...
The Oklahoma City Bombing: 30 Unanswered Questions Timothy McVeigh may have been tried and executed, but there are still too many unanswered questions about the Oklahoma City Bombing More ...
Was Timothy McVeigh Really Executed? Despite what the mainstream media may say, there are indications aplenty that Timothy McVeigh was NOT executed More ...
The Liberation of the Camps It is tantamount to virtual heresy to question the 'Holocaust' today. But did the extermination of 6 million people really happen as we've been taught? More ...
Brasscheck TV - Fixed!: The 9/11 Solution: The Big Clue Everyone Missed Google removed this video but a reader sent in a copy. Watch how the media carefully manipulates coverage of the events of 9/11, as they interview 'experts' who provide the cover story that has gone to make up the standard govt/media version of 9/11 More ...
Exposing the 'Terror Fraud': One Day in Birmingham The terror outrages in Britain last year may not have been the work of “Muslim extremists”. A series of virtually unreported events in a Birmingham hotel suggest the covert involvement of Britain’s intelligence agencies in orchestrating events More ...
Back to the Future!!! Part 2 Given Einstein’s endorsement of Hapgood’s ideas it is reasonable to ask whether his hypothesis could actually happen again and if so when More ...
The Origins of Modern Banking It was Thomas Jefferson who said, "banking institutions are more dangerous to our liberties than standing armies". And as Kieron McFadden reveals, he was not being alarmist More ...