IMF's Blanchard Discusses Global Economy, Currency Wars: Video
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Oct. 7 (Bloomberg) -- Olivier Blanchard, the International Monetary Fund's chief economist, talks about the outlook for the global economy and the possibility of currency wars between major countries. High unemployment, public debt and fragile banking systems pose risks to global prosperity, the IMF said, urging policy makers to take bolder steps to assure a sustained recovery. Blanchard speaks from Washington with Susan Li on Bloomberg Television's "First Up." (This is an excerpt of the full interview. Source: Bloomberg)
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There is no way for us to default on our debt because we have already signed over the property rights and sold America to the owners of the FED...They already bought all of Columbia by loaning paper money to them....Thy are loaning paper to countries in exchange for the rights to their holdings..aka people & real property That's right people,they have purchased us & our future earnings..Believe it..The only solution is to impeach the president and make void all documents he signed on our behalf
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@drkevincampbell Yes, yes, very interesting. Can you elaborate on this?
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@drkevincampbell well provide your source of imformation and I will follow up. If you can prove to me your info is logical I will convert to christianity! Oh one other thing,watch Bloomberg,Zeitgiest, and read Omitry Orlov,Peter Schiff and even some Ron Paul you may learn something.
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When Reagan, George H.W Bush, Bill Clinton and others said something about a New World Order they were thinking of a Global Economy with worldwide democratic views where everyone would be prosperous through free markets.I guess the problem with that is there will be a New World Order Bubble :-) and everyone will be broke at the same time.
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@drkevincampbell Who the hell have you been listening to? Deflation? It will be cheaper to start fires with our money rather than use wood if we keep up this radical spending! Do you realize we are in debt almost 14 trillion? We are going to suffer from hyper-inflation at this rate.
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@drkevincampbell Bullshit! I will NOT be deflationary because THE FED WILL NOT ALLOW IT! How many times do we have to explain this to you dufuses? It SHOULD be deflationary, but the Fed will print, and print, and print, and print, and print, and print, and print, to preventh deflation. Get it?
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We are heading, if not already for a depression. Too bad 7 million manufacturing and service jobs have been shipped overseas.
3m 55sLenght
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