Tuesday, April 10, 2012
Brazilian Leader Tells Obama and Fed: Stop!!
The current leader of Brazil, Dilma Rousseff, meeting with Obama on Monday told the US leader that by printing more money and keeping interest rates artificially low, the FED's policies are causing the currencies of developed nations to APPRECIATE thus impeding export growth across the developed world.
By keeping a constant flow of cheap dollars due to low interest rates, the FED is preventing "free markets" from assisting developed nations to keep traded goods competitive.
The FED with its MYOPIC CONCENTRATION on keeping short term interest rates low is indirectly waging an economic and monetary war on countries across the world, Brazil included.
Rousseff a former guerrilla (pictured right) in the late 1960s and early 1970s, fought against the Brazilian military dictatorship and was apparently tortured for 22 days in 1970. Of course most Americans have no idea that the CIA backed the overthrow of the democratically elected president, Joao Goulart in 1964.
Or that the multi-national corporation ITT was covertly and overtly involved in the overthrow. None of this is taught in history classes across US colleges or high schools. Further reading on this topic can be accessed through GOOGLE BOOKS: "The Secret History of the CIA" by Joe Trento. (cover below at post's end)
Reading page 374 of the book illustrates the impact ITT had on the coup and what happened afterwards to the Brazilian people under a ruthless dictatorship.
The FED, through its financial weapons of keeping interest rates low for US banks is retarding global growth and prosperity, maintaining developed countries in the grip of poverty while ensuring that banks can borrow from one another at NEAR ZERO interest rates.
And Brazil is an example of a country that has gone from trade surpluses with the US to deficits partly due to the FED's actions and partly due to the global recession that began in 2008 and as far as HDD is concerned is ongoing.
The FED, a private banking network is impeding the natural equilibrium of interest rates in the short term, resulting in long term interest rates having nowhere to go BUT UP!
This SHORT-TERMISM is what most banks are striving, for, quarterly results out doing one another every three months. This is not good economic behavior!
Isn't ironic that an ex-Brazilian rebel fighter is now meeting with the president of the United States, 40 YEARS AFTER she was released from prison having being electrically shocked and beaten?
Who says "free market" economies can't be led by ex-rebels?