Posted By thestatedtruth.com on November 8, 2010

Germany:   U.S. debt and interest policy generally “doesn’t add up” and the U.S. model is in “deep crisis”.  .  Hmm, so what happens if this U.S. policy fails…….inquiring minds want to know?      

German Finance Minister, Wolfgang Schuble, offered some withering criticism of the Fed’s move and U.S. economics.  Here’s a bit from the WSJ.com:

The Fed’s decisions are “undermining the credibility of U.S. financial policy,” Mr. Schuble said in an interview with Der Spiegel magazine published over the weekend, referring to the Fed’s move, known as “quantitative easing” and designed to spur demand and keep interest rates low. “It doesn’t add up when the Americans accuse the Chinese of currency manipulation and then, with the help of their central bank’s printing presses, artificially lower the value of the dollar.

He also said that U.S. policy generally “doesn’t add up” and that the U.S. model is in “deep crisis”.  G20 could get interesting.

Categories: Commentary, Economy, Finance, National News, Wall Street, World News
Tags: Germany voices opinion, U.S. economic policy