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Currency Wars

the Making of the Next Global Crisis
Apr 05, 2013StarGladiator rated this title 1 out of 5 stars
This book is yet another misleading, misdirectional farce from Wall Street - - or maybe underwritten with a fractional amount of those missing DoD funds (last count: $8.7 trillion). "Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years." Huh? They were cheerleaders (Volcker, Reich, Jeffrey Sachs, Alan Blinder, and most especially, Harvard's Martin Feldstein) of it, as that was what they (and Larry Summers) were paid to do! "The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance..." Huh? The Fed is the PR office for the banksters, and they do what their overclass orders them to do. Period. A specious book, although the author is correct that currency wars are taking place, and most probably with dire consequences for the majority of us! Negative rating, but worth skimmng. (2014 Update: $1 trillion in QE funds were pumped into the banks for their proprietary trading to prop up the NYSE for the .001%, and hedge fund speculation in 2013, which had less job creation in the US than the year prior. Also, corporations spent $500 billion in stock buybacks, furthering inflating the price of stocks. With 8 million fulltime jobs officially lost, and 2 million new jobs officially "created" [note that the 2 million doesn't specify whether fulltime or parttime, or just temporary as the BLS considers a 4-hour temp job in the past month as a new job, just as it rates one hour of paid employment in the prior week of that month to constitute "employment"] - - hence the official title of a "jobless recovery" - - the fourth official jobless recovery since 1988.)