First, from Arithmetic for the Economically Challenged Idiots:
Present Federal Debt : $13.7 Trillion
The Federal Reserve plans to print: $0.6 Trillion
Net devaluation of US dollars: $0.6/$13.7 = 4.4%
If the Chinese don't want to lose money: 4.4% must be added to any NY interest rates
Second, from Alan Greenspan: Greenspan warns over weaker dollar (see 4.4 % devaluation above)
Now, hear Timmy Geithner. "saying it [US Government] would never deliberately devalue its currency to boost exports."
Now think: Qui s'Excuse, s'Accuse Or, Geitner, your excusing, accuses you. Is the Government not deliberately devaluing, only undeliberately devaluing?
Quo Vadis, NY? Quo Vadis, Cuomo? Read the two earlier posts below
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