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Currency wars are necessary if all else fails

Ambrose Evans-Pritchard, Telegraph, UK

October 10, 2010


The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around..........
 

......America has in effect issued an ultimatum to China and G20: either you stop this predatory behaviour and agree to some formula for global rebalancing, or we will deploy QE2 `a l’outrance’ to flood your economies with excess liquidity. We will cause you to overheat and drive up your wage costs. We will impose a de facto currency revaluation by more brutal and disruptive means, and there is little you can do to stop it. Pick your poison. ....

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The greatest and most successful pseudoscientific fraud

Review, Oct 11, Ghanadot - We give our scientific community a chance to read Harold Lewis, Emeritus Professor of Physics at the University of California and an eminent scientist's damning thoughts about "Global Warming." He calls it the "greatest and most successful pseudoscientific fraud...." in a resignation letter he sent to the American Physical Society......
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Kufuor Is Happy For New Presidential Jet

 

Ghanaweb, Oct 10, Ghanadot - The spokesperson for former President John Agyekum Kufuor says the commissioning of the new presidential jet bought by Mr Kufuor while in government should inform Ghanaians that continuity is important in a nation’s development... More

 

   
South Sudan rejects Muammar Gaddafi's warning that independence next year could destabilize the rest of Africa.

BBC, Oct 11, Ghanadot - These comments are in stark contrast to statements Libya's leader made after clashes between rival communities in Nigeria in March. ..More

 

 

Currency wars are necessary if all else fails

Telegraph, Uk, Oct 10, Ghanadot - The overwhelming fact of the global currency system is that America needs a much weaker dollar to bring its economy back into kilter and avoid slow ruin, yet the rest of the world cannot easily handle the consequences of such a wrenching adjustment. There is not enough demand to go around..  . 
...More

   
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