HHmmm....
ada baik nya jangan tabungan dollar / deposit. nilainya bakal turun teruss... jangka panjang. ya? --- In [email protected], "RonaLd. W e-Mail®" <onal...@...> wrote: > > > Sent from my BlackBerry® > > -----Original Message----- > From: MeLinda MeLisa <allpaidmoni...@...> > Sender: [email protected] > Date: Thu, 2 Dec 2010 09:24:30 > To: <[email protected]> > Reply-To: [email protected] > Subject: [StockForex] Bernanke: The Dollar System Is Flawed > > Bernanke: The Dollar System Is Flawed > > > > Federal Reserve Chairman Ben Bernanke's speech in Frankfurt may be one > of the most important and underreported events since America abandoned > the gold standard. In it, he said the dollar standard was flawed and > that America's trade deficit was imperiling America. > > "[I]t would be desirable for the global community, over time, to > devise [a new] international monetary system," he said. > > Never before has a Fed chairman made such an admission. Never before > has one ever disparaged his own currency in such a way. > > The speech was a radical departure from the status quo and a major > signal for a looming policy change. It means that trade war is > virtually guaranteed and the dollar will soon be devalued. Dramatic > global economic upheaval is on the way. > > On November 19, Ben Bernanke told a room full of bankers in Frankfurt, > Germany, that the world's sense of common purpose had waned. Tensions > among nations over economic policies are intensifying, he said. It > threatens the world's ability to find a solution. > > U.S. unemployment rates are high, he told the gathering, and given the > slow pace of economic growth, likely to remain so. Approximately 8.5 > million jobs have been lost so far, and when you take into account > population growth, the size of the employment gap is even larger, he > said. > > Unemployment may get even worse before it gets better. > > "In sum, on its current economic trajectory the United Sates runs the > risk of seeing millions of workers unemployed or underemployed for > many years," lamented Bernanke. "As a society, we should find that > outcome unacceptable." > > In an effort to win European allies, America's most powerful banker > then went on the attackblaming China for causing much of the economic > and trade imbalances destabilizing the current dollar-centric economic > order and threatening the world's economy. > > China is manipulating the market to keep its currency undervalued, he > charged. This has led to imbalances. > > Each month China sells tens of billions of dollars more worth of goods > and services to America than it purchases in return. Many American > economists claim this is because of China's undervalued currency, > which makes Chinese goods less expensive in America and American goods > more expensive in China. > > Coupled with China's low-wage, low-taxation, low-regulatory, non-union > environment, resulting in the relocation of millions of American jobs > overseas, China has received a huge economic boost at America's > expense. > > This is a primary reason nations like China have fully recovered from > the recession while America is still mired in it, noted Bernanke. > America can no longer afford to let China drain the U.S. economy. > > > > But what to do about it? > > "As currently constituted, the international monetary system has a > structural flaw," said America's chief banker. The dollar system is > broken. "It lacks a mechanism, market based or otherwise, to induce > needed adjustments by surplus countries, which can result in > persistent imbalances" (emphasis mine throughout). > > "In the meantime, without such a system in place, the countries of the > world must recognize their collective responsibility for bringing > about the rebalancing required to preserve global economic stability > and prosperity." > > Thus Bernanke told his German audience to prepare for "market-based or > otherwise" unorthodoxeven radicalaction by the Fed to try and force > China to revalue its currency and rebalance the global economy. > > The "flaw" has been declared. But what is Bernanke going to do? > > "Bernanke is alerting the world to the most important shift in U.S. > trade policy in more than a generation," writes economic analyst and > author Richard Duncan. "The world has been put on notice that the > United States will take steps to correct this defect and the > destabilizing trade imbalances it permits." > > "If the flaw cannot be corrected through international coordination, > then unilateral actions by the United Sates should be anticipated," > Duncan warns. > > And if history is a guide, that means tariffs and trade duties. > > The first major shots of trade war may be about to be firedand the > Fed has just given its blessing. If you look back on the 1930s and > that disastrous time period, protectionism is lethally contagious and > predictable. Global trade and commerce will contract. Import prices > will rise. Unemployment will skyrocket. And that is just for starters. > > During the Great Depression, America was not burdened under record > debt. The economy entered that age of trade warfare from a position of > strength, and still the economy got ruthlessly battered. > > A trade-war-induced depression today would potentially be far > worseand not just because the United States has become the greatest > debtor nation in all history, but because this time, the credibility > of America's government, its central bank and its currency, are all > now in question. > > Besides tariffs, Mr. Bernanke's declaration that the international > monetary system is broken also means the Fed will engage in as much > "quantitative easing" as necessary to compensate for what he sees as > its "structural flaws." > > During the G-20 meeting in South Korea two weeks ago, President Obama > and Treasury Secretary Timothy Geithner were forced to defend the > Federal Reserve's decision to print dollars to finance government > spending and depreciate the value of the dollar. > > Foreign nations saw it as a way for America to renege on its debts. > > Bernanke's Frankfurt defense of the Fed's "quantitative easing" will > do little to reverse that sentiment. "Fully aware of the important > role that the dollar plays in the international monetary and financial > system, the [Fed] believes that the best way to continue to deliver > the strong economic fundamentals that underpin the value of the > dollar, as well as to support the global recovery, is through policies > that lead to a resumption of robust growth in the context of price > stability in the United States," Bernanke said. > > In order for America to support the value of the dollar, it will > devalue it, said Bernanke. The incongruity is palpableand surely > wasn't lost on America's bond holders. Every time the Federal Reserve > hits the "print" button, creating money out of thin air, it devalues > the dollars in existence. America's lenders (of which the Chinese are > the largest) have been put on notice that they will be paid back in > depreciated dollars. > > Be prepared for more quantitative easingor, as it has become known > overseas, quantitative fleecing. > > And be prepared for the Federal Reserve's antics to succeed all too well. > > Foreign nations, and America's foreign creditors, grow more > dissatisfied with the dollar as the world's reserve currency every > day. The move to adopt a new reserve currency system is gaining > momentum. When this happens, the Federal Reserve will get a whole lot > more international cooperation in meeting its goals than it could have > ever wanted. > > The Fed won't be trying to devalue the dollar anymoreit will be doing > everything it can to prop it up. > > Unfortunately, with faith in the dollar broken, the government unable > to borrow money and a global trade war ravaging the U.S. economy, > America will pine for the structurally "flawed" but comparatively good > old days. > > "The speech was a radical departure from the status quo and a major > signal for a looming policy change. It means that trade war is > virtually guaranteed and the dollar will soon be devalued. Dramatic > global economic upheaval is on the way." > > > Source: http://marketpin.blogspot.com/ > > > ------------------------------------ > > ## StockForex ## > _________________ > ::Forum:: All about Forex and Stock Trading ; all currency pairs. > All Major World Indices, Asian Stock Index. and Individual/single stock. > We're not goin' anywhere > Well, it's all right here. Enjoy it !! :) > _________________ > http://finance.groups.yahoo.com/group/StockForex > Yahoo! Groups Links > ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! 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