The event, which was waiting for the whole financial world since the late summer of this year, has come to pass. U.S. Federal Reserve announced the inclusion of the printing press. Amount infusion controller is 600 billion dollars, which he intends to spend on buying Treasury bonds for eight months. This news caused a massive revaluation of assets around the world. Commodities and stocks went up sharply, by updating the months of highs and the dollar, by contrast, began to decline. However, the effect of measures announced was short, and on Monday, November 8 pair euro / dollar was trading at around 1.396.
In this situation goods such as basic economics very well reflect the real value of currencies - after the crisis, it is quite another. If there has been an extraordinary rise in gold prices, this is a bubble, but if he jumped in the price of all commodities, this is currency devaluation. It will lead to inflation, which is what the Fed is seeking. It does not matter what currency to evaluate products - in yen, dollars or euros, as almost all the monetary authorities and the developed and developing countries are involved in foreign wars.
Thus, the announcement of a new printing of money, Ben Bernanke actually said that the U.S. economy will emerge from the crisis at the expense of creditors of this country, including China and Russia, as holders of Treasury government bonds. From a macroeconomic point of view it is - a natural process: the States in taking on this risk by purchasing U.S. bonds. Ugly the situation looks only from a moral point of view, because GDP per capita in the U.S. is 47 thousand dollars, whereas in Russia - 14,7 thousand dollars, and China - only 5.94 $ thousand
