Philly Jim

Bernanke's Hints at Stronger Dollar: Meant to Cool Oil Prices?

It's always a pleasure to read Grace's articles. ;)

My question to the Fed is: Do you still think you are in the driver's seat of this global economy?

My question to everyone else is: Is the Fed in control of the dollar's value as much as they think they are and can the ECB,BOE and BOJ swim upstream with the FED on this game plan to boost the ailing dollar?

Just when the emerging markets are beginning to enjoy the fruits of their labor and increased purchasing power, they are being asked to sacrifice and participate in boosting the dollar in order to avoid further inflationary pressures and a potential global economic meltdown if the world does not quickly deal with commodity prices and the falling dollar.

One possibility could be for another regional currency to emerge or even several (Africa & ASEAN) in order to stabilize markets,currencies and commodity costs and in-line with the rapid evolution towards a single world currency by 2030.

Did the Fed plan for 2 billion consumers to suddenly come into the picture or 2 billion competitors should I say? The only ones to benefit in the short-term in this global mess are multi-national corporations who are loving it till the last drop of fresh water. The West needs to adapt quickly; lose the fat and get in shape or perish in this red hot global economy! Central banks are not always going to be in control as mega corporations and sovereign wealth funds begin to have more global power than they do.