Here is what I don't understand, though, about Trichet's statements about needing to return to a Breton Woods-type agreement. Hard currencies are the enemy of Central banks. We all know that European central banks are looking out for the interests of their international bankers just the same as our Central bank is. We know that the FED strongly opposes a hard currency... it is not "elastic" enough, meaning they cannot inflate it enough to steal from savers and give it to themselves during times of stress. Therefore, why do you think European Central banks would be any different?

After all, our Fed was modeled after the European Central bank. My thoughts are, either Trichet is just a puppet and is speaking the truth but it will never come about, or they are doing the same thing the Fed does when it says "we support a strong-dollar policy", but with no intention of ever implementing any such policy.

Thoughts?

Hysteria