Are Iran, Russia, China behind dollar's free-fall?

[Deja Q]

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=57936

WASHINGTON – The hottest selling book in China right now is called "Currency Wars," which makes the case that the U.S. Federal Reserve is a puppet of the Rothschilds banking dynasty and it has persuaded some top officials Beijing should resist America's demands to appreciate its own undervalued currency, the yuan.

(snip)

Experts don't see any short-term reprieve for the falling value of the dollar. Kathy Lien, chief currency strategist with DailyFX.com in the US, told Bloomberg she expects the American dollar to slide even further, forcing more lending rates cuts in the U.S. to stave off recession.

(snip)

Meanwhile, Song Hongbing, the author of China's runaway bestseller, "The Currency Wars," says he's pleasantly surprised at the 200,000 copies his book has sold. He is probably not eager to see the dollar punished as he lives in Washington, D.C.

(snip)

"I never imagined it could be so hot and that top leaders would be reading it," he says during a book tour in Shanghai. "People in China are nervous about what's going on in financial markets, but they don't know how to handle the real dangers. This book gives them some ideas."

Among the research findings that shocked him most was that the Fed is a privately owned and run bank.

"I just never imagined a central bank could be a private body."

(snip)
Rohini Hensman, who describes himself as "independent scholar, writer and activist based in India and Sri Lanka," says it's about time the U.S. got its comeuppance.

Article has more.

[BlooInBloo]

1. W00T!!! Worldnet!!!!

[Deja Q]

3. I know; something about that article reeks.

Mostly because it's been US companies offshoring jobs, with Indians, Russians, and Chinese wanting more of them.

Wait, they're "multinational corporations". That's what they're called when they're good. When they're bad, the "multi" prefix goes away and they become "US" again.

[hogwyld]

2. * is getting his wish

We'll need wheelbarrow's of money to buy a loaf of bread. Similar to the weimar republic just prior to Hitler.

[Deja Q]

4. Well, Hitler rebuilt the German economy...

In short, if people think wordnetdaily is a nutty site, so is the idea any modern day American politician is comparable to Hitler.

[pscot]

5. Blame the Jewish bankers

Works every time.

[Deja Q]

7. I think you mean to respond to this chap.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=1958801&mesg_id=1958822

He said the H-word, not me.

[TheDebbieDee]

6. I think * is behind the falling value of the dollar............

I think he has the Treasury Department print cash when he needs it to buy off off the people that he doesn't already own in this country and around the world.

Do you remember reading about pallet-loads of cash being distributed in football-sized bundles around Iraq in the summer of 2003? I have a feeling this was cash that * had printed.

I think that's why his admin stopped the Treasury Department from distributing a monthly or quarterly report on the status of US currency. With that report everyone would be able to track the amount of unauthorized currency he's had printed.

[Deja Q]

8. I doubt it.

I do recall a well known American corporate executive saying how the Dollar was going to go down... almost 3 years ago.

The profiteering and greed on their part by offshoring surely seems to be more relevant; including the mortgage mess right now? (Which isn't a one-way street; the fact these countries we're offshoring to are building up their middle classes and wealth proves it's not exploitation.)

[sinkingfeeling]

9. No. The dollar will continue to fall because the USA is drowning in debt.

Thanks W!

[madrchsod]

10. no we did it all by ourselves..well with a bit of help

from some easy marks in the world banking trade.