David Kotok attempts to clear up misconceptions about currency intervention, noting the key is...

David Kotok attempts to clear up misconceptions about currency intervention, noting the key is whether it is sterilized or not. In a sterilized transaction, an offsetting trade is made, negating the effect on the money supply. Unsterilized means money gets printed out of thin air. Today's intervention: unsterilized.

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Comments (2)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
    sterilized....LOL....that is so old school.....we just print now..its all fake...trillions here and there..no big deal
    18 Mar 2011, 10:38 AM Reply Like
  • User 487974
    , contributor
    Comments (1101) | Send Message
    When the dollar breaches its low of 72, either Bernanke will be forced to raise rates to support it or you can put your head between you legs and kiss your ass good bye! This is not anything to be playing around with, when will we get some, any, leadership at all? Obama? The worlds biggest wussy! Our central bankers? Complicit in the raping of the American taxpayers. How can we afford $10 a gallon gas when the dollar slices through 72? We can't.


    Pray that there is something that will force the hand of these progressive/Fabian society scumbags. They have a plan to rework the world in their image. You will not want to live in their nightmare vision of "One World Order". Fuck Bill Clinton's "Clinton Global Initative" and George Soros' "Open Society Initative", they almost sound alike,dont they. Do your homework America, Glenn Beck will go down in history as the first true American Patriot of the 21st century. If we have someone left to record our history. This is so much bigger than we can even fathom. It truly is almost "Unbelievable", just like our refusal to admit Hitler was on a march to a hellish infamy! Did you know that there were rallies at Madison Square Garden for the Nazi's? Oh yeah, look into it, it will blow your mind! The progressives were in love with him. George Bernard Shaw? He wanted you to go in front of panels every year and explain why we should keep you alive and what you were bringing to society. If you didn't have enough input, you would be killed. What good was your life anyway, it was no good to you or us. This prick was the ultimate in so far as "playing God" with people's lives. You can't believe what we were once considering doing to our fellow Americans. Wilson,and his progressive brethren should be feared, but we forget to quickly. To this day...
    18 Mar 2011, 06:01 PM Reply Like
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