Currency Manipulation? And Gold! -- USAGOLD - uploaded from Google Video

As new U.S. Treasury Secretary Timothy Geithner calls China a currency manipulator, the gold market responded almost immediately, climbing $50 in price. While domestic economic concerns in both the U.S. and China present a scenario of competitive currency devaluation, price inflation becomes the single most likely feature regardless of the exchange-rate outcome. If Asia plays its "trump card" in reversing its pattern of buying U.S. Treasuries, a worst-case inflation scenario would involve the Federal Reserve attempting to pick up the slack through its own program of purchasing those bonds -- thereby directly monetizing the U.S. Government debt. The panelists also answer a viewer's question about gold bullion. Featuring Pete Grant and Jonathan Kosares; Jan. 26, 2009

Category:

News & Politics

Tags:

• gold
• currency manipulation
• federal reserve
• china
• yuan

[laurallaux]

I agree with Bendover with objection to the protest part. Protesting and forming organized groups to combat this problem will only put the protester and or groups in a negative view in the eyes of the general public. What we should do is what these guys are doing and just keep people who want to know what is really happening informed and let people realize for themselves the truth. It is all very obvious what's going on, you just have to want to know.

[therealcaptobvious]

there was a story about a woman who owned a large land with daffodoils. She started by planting one each year and ended up with a field full of them.

I'm not interested in "protesting", it's too cliche'. We just had the gay protest, the riots in Oakland...i'm in Cali btw..., the antiwar things, the Gaza things.

I want pragmatism.

[indiasucksalways]

Every single one of these failed/bailed out companies had outsourced to INDIAN companies a few years earlier. Indian conman Azim Premji and his company Wipro are grifters. AIG, Lehman, Merill, GM, Sun, PeopleSoft, ALL of them used Indian outsourcing companies. India's workers are ranked 124th in world productivity while Americans are ranked FIRST! FOUR MILLION Indian workers have come into USA to take jobs since 1998. FOUR MILLION!

[BendoverBernanke]

Supa, VV, Mot, George and others have the ability to organize regional "leaders" so we can come together in large numbers for protests, such as the one in Washington D.C. on July 4 09'. These regional leaders could organize logistical movement and schedule meetings. Perhaps a monthly meeting could be held at a public spot. Many, many people would join this movement if they knew we were serious. Look at what happened for the WTO meeting in 1999.