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Paul Volcker Proposes A New Bretton Woods System To Prevent


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2014 Jun 1, 1:43pm   1,137 views  1 comment

by Bubbabeefcake   ➕follow (1)   💰tip   ignore  

http://www.zerohedge.com/news/2014-06-01/paul-volcker-proposes-new-breton-woods-system-prevent-frequent-destructive-financial

While we have frequently shown that this assessment is flawed, the interpretation of the data is always a matter of opinion, and usually breaks down based on ideological conviction: be it Keynesian or Austrian. However, one person whose view carries significant weight among the Keynesian school of thought is none other than former Fed chairman Paul Volcker.

Cutting off their nose to spite their face!

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1   Bubbabeefcake   2014 Jun 1, 2:04pm  

Central Bankers are beginning to panic

http://youtu.be/swrE7ZQJmT0

Russia as a fuse they can't control because Putin is able to keep the old Soviet Russion Bloc away from western financialization. With that kind of diplomacy, he's increasing trade with china and to the rest of the BRIC nations to trade with local currency and not US dollar.

So how he handled Ukraine told bankers that the pentagon can't enforce their interests.

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