Asia Said to Be Leading the Globe Out of Crisis

This article can be found here.

October 21, 2009

When Ben Bernanke, the nation's leading economist and chairmen of the prestigious Federal Reserve, tells you to do something relating to finances, you'd be smart to listen. On October 19, 2009, Bernanke came out with a statement requesting that the US and Asia, the world's most influential economic powers, combine efforts to lower trade imbalances across the globe, ensuring that such action will greatly aid in the rapid recovery of the global economy. Bernanke also suggested that Asia's own rapid recoveries should be looked to as inspiration for other nations still dwelling in the red. He blatantly calls out the United States' practice of excluding some nations from their trade as directly influencing the failure of the economy, along with their reckless lending practices. Bernanke suggested that Asia, now out of the red, has a duty to export less and focus on selling their goods domestically, since less successful economies cannot produce goods as cheaply in light of economic challenges. Though straightforward in most of his statements, on the verge of harsh bluntness, Bernanke still manages to avoid commenting on the recent decline of value of the US dollar, something that relates directly to his own activity as leading chairman of the Federal Reserve. No, commenting on the insecurities of his own governmental organization would imply weakness. Save the criticisms for governmental groups other than your own. Psh.