Merkel also believes Obama devalues Dollar

Castro accuses America
of attempting to devalue it's currency
and says Far-Right Takes
Over U.S. After Midterms

via cbsnews.com

wow..... I hope Castro is right.

Posted via email
from noahdavidsimon's posterous

At her meeting with Mr. Obama, the German leader repeated concerns about the Federal Reserve's controversial decision last week to buy $900 billion of U.S. Treasury debt in the next six months. European officials worry the move will provoke a round of inflation and destructive currency devaluations.

President Obama meets with German Chancellor Angela Merkel on the sidelines of the G-20 summit Thursday in Seoul. She rejected a U.S. proposal to try to cap global trade imbalances. "To set political limits on trade surpluses and deficits is neither economically justified nor politically appropriate," she told the G-20 business summit. (Associated Press)

But White House aides said the president pointed out that the U.S. dollar actually is benefiting and getting stronger because of a renewed outbreak of the European debt crisis this week. Investors on Thursday forced Ireland to pay unprecedented interest rates of near 10 percent on its bonds because of growing fears of default.
The renewed European crisis is reviving a "flight to safety" to the U.S. dollar and Treasury bonds, the president pointed out. He also repeated U.S. concerns that Germany's attempts to attach more stringent conditions to loans to countries like Ireland that may need a bailout may be "spooking markets."

via washingtontimes.com

and according to this video they are buying assets from Goldman Sachs to print the money... I suppose the money comes from the loans our government made. why is Goldman Sachs selling the government stuff when we know how dirty they are? I suppose at least it is nice to know they are buying something... but how do we know Goldman isn't selling Oregano?