Russia and China have been signaling for months that they were concerned about the dollar as the reserve currency and our government’s level of debt, but now they think they should have some say in our internal monetary policy. Considering how far down the globalists’ garden path we have been led, they might just get their wish soon.
(Reuters) – Russia sided with China ahead of the Group of 20 summit, saying on Monday the United States should consult other countries before pumping cash into its economy, but stopped short of calling the policy a mistake.
President Dmitry Medvedev will take part in the summit, where conflict is brewing over the U.S. Federal Reserve’s latest allocation of $600 billion to buy Treasury bonds — money that investors are likely to redirect into emerging markets in search of higher returns, potentially fuelling new asset bubbles.
“Russia’s President (Dmitry Medvedev) will insist …. that such actions are taken with preliminary consultations with other members of (the Group of 20 countries),” said Russian G20 negotiator Arkady Dvorkovich.
China has been particularly vocal in criticism of the policy, which U.S. President Barack Obama defended on Monday during a trip to India, saying the Fed’s mandate to grow the U.S. economy was good for the world as a whole.
Dvorkovich said that the Fed’s policy was an internal matter but added that previous decisions by the G20 require consultations on such issues. He said the Fed’s move may even benefit Russia because its current capital inflows were too small.
This is what happens when a country, insanely, allows a central bank to run their economy and dictate monetary policy, AND THEN that private banking cartel joins the rest of the central banks around the world (Bank Of International Settlements, World Bank, IMF). The steady, progressive march toward the loss of American sovereignty.
Remember, the Board of Governors of the Federal Reserve cannot be impeached, the Federal Reserve doesn’t EVER open it’s books, and they can set monetary policy without so much as a ‘by your leave’ from the president or Congress. Do you want the G20 guiding the Federal Reserve, an unelected body, on what America’s monetary policy is? I’m really looking forward to that after the rape and pillage done by Wall Street, aren’t you?
I personally am enjoying watching Ben Bernanke pull an ‘Obama’ by so far overreaching with QE2 that it will force Americans to LOOK at the Federal Reserve the same way we have been looking at the Dems and Pubs, and hopefully ignite the momentum to abolish the Fed and have a constitutional amendment passed forbidding central banks from operating in this country.
As Ron Paul stated this morning: ‘Fed Will ‘Self Destruct’ as Easing Kills the Dollar’. We can only hope and pray that these leeches will be removed from office, charged, prosecuted and incarcerated. Bennie and InkJets first.