Wednesday, December 2, 2009

The Fed Bernanke manipulation - devaluing USD

Detrimental Fed financial and economic manipulation:

With the massive Fed manipulation along with Goldman and other major capitalists, devaluing USD can lead to the situation just happened to N. Korea. With the current financial and economic situation which is designed by the deceptive Fed, the Americans could face similar situation noted below.
  • N. Korea Revalues Won, Wipes Out Savings:
    North Korea's government revalued the country's currency but restricted severely the amount of old bills that can be changed for the new ones, wiping out personal savings, the Washington Post reported Wednesday.

    The move sparked panic and anger, as much of the old North Korean won has become worthless, the paper reported, citing news agency reports from South Korea and China and groups with contacts in North Korea.
    http://www.cnbc.com/id/34236933/


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