Monday, November 15, 2010

Fight the liquidity deluge - The Standard

Fight the liquidity deluge - The Standard

"Not many people have heard of the Council on Foreign Relations, the Bilderberg Group, and the Trilateral Commission. Yet since 1928, every American president has been a member of at least one, if not, all three organizations.

Most US Cabinet members belong to the Council on Foreign Relations.

The Bilderberg Group comprises key European and US officials while the Trilateral Commission consist of leaders at large North American, Western European and Japanese multinationals.

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The three organizations provide a more appropriate platform to discuss monetary policy.

But as long as China is considered an adversary on currency issues - with the idea that Beijing is keeping the yuan at artificially low levels dominating sentiment - foreign exchange rates will continue to be a thorny issue."

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