Originally posted by incrediblelousminds
I suggest you dig a bit deeper. No one is defending Straus-Kahns actions. Certainly not me. That's a distraction.
I'm not even suggesting that DSK's removal was a bad thing. It might be a great move. I don't really know. What I am more interested in highlighting is the way in which the US media is guiding this story.
more insight into why the Americans would have a vested interest in taking DSK down....
I fail to see what any of that has to do with anything I've said.
I think what you must have done was skim my post. I'll have to assume you're in soap box mode rather than replying to anything in particular I've actually said.
In response to something specific you have said...the claim that "no one" in this thread has defended DSK is objectively wrong.
However, no where did I claim that that there were only two types of posters in this thread, posters either defending him or attacking him, and it's absurd of you to continue to act like that was seriously my position.
I'm well aware of that debate on SDRs. If they were as good as the dollar for reserves, they'd already be in greater use for that purpose. Money moves around so easily now.
Calling the dollar 'volatile' is rather absurd. Stocks are volatile. Commodities are volatile. Like the other major currencies, the dollar doesn't move a lot by comparison, even during QE. Even during QE, not everything is inflating in nominal price. Things are rising and falling. QE is not at all the chaos of general 'volatility.'
Lots of people in the US have been, over the past decades, in favor of a weak dollar, in part because of it's (hopefully) balancing effect on the trade deficits, of the overall macro picture of the US as a heavy net importer. Exporters generally benefit from a relatively weak dollar.
The strongest advocates for a greater role for SDRs are Russia and China and yet they are being talked about as much as anybody as having motive to take him down. China's motive is supposedly that they want the IMF head to be from a 'developing economy' such as, well, China of course. In any case, that's a big part of their argument now in the process of naming the next IMF honcho.
What exactly are you arguing for now? That plenty of people will not be sorry to see him go = motive and conspiracy?
Which media outlets do you think are out to get him? That is, if you do think some are out to get him. Mass media outlets are largely global in nature now. Good luck finding an "American" one.
But it is fun sometimes to play 'pin the tail on the donkey' and look up the owners of this or that publication to see if you can get a sense for their angle.
edit on 23-5-2011 by 11andrew34 because: added the quote to make it clear which post I was responding to because the thread page
rolled over
edit on 23-5-2011 by 11andrew34 because: wires crossed...meant to say 'a greater role for SDRs' and said 'weak dollar'
instead


