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View Full Version : U.S. dollar against the RMB exchange rate



sunfarstar
3rd February 2010, 05:22
I personally believe that the approach taken by the Fed is now very irresponsible, the world will fall into the second time due to inflation and financial crises. Do you think?

Q
3rd February 2010, 15:33
To use an old phrase of Thatcher: "There is no alternative", at least not by capitalist logic. Many of the economic heavyweights in the world have given out money by the trillions, combined. This postponed, but didn't solve, the crisis. When the next crash comes, it'll be potentially much greater then that of 2008 as given out even more money is no longer an option. So the only option that remains is money printing, which in turn will create new social upheavals due to (hyper)inflation and new wars.