The Fed has put hundreds of billions of dollars in the first month of its currency

In defiance of other developed and emerging economies opposing the resumption of printing presses the Federal Reserve said 10th that it would buy Treasury bonds in the first month of the launch of a new round of quantitative easing policy. "We see the Fed every day," the statement said, with the Federal Reserve set to start 18 open market operations from November 12 to December 9.　　By next June, in addition to the planned purchase of 600 billion of dollars in Treasury bonds, the Fed is expected to take 250 billion to 300 billion U.S. dollars from mortgage-related securities and institutional securities investments and reinvest in Treasury bonds.　　The first month's open market operation includes the market's previously expected monthly 75 billion dollar Treasury bond purchases, as well as 30 billion of dollars of bonds purchased with investment income.　　John Briggs ', US Treasury strategist at Royal Bank of Scotland, told the Bloomberg news agency that the timetable "tells you that the Fed is visible almost every day." U.S. Treasury prices rebounded after the Fed issued a statement.　　The US government's previous sale of $16 billion trillion in Treasury bonds has shrunk the price of 30-year bonds and raised interest rates to 4.32%.　　Alan Greenspan: The dollar is on the way to devaluation, former Federal Reserve chairman Alan Greenspan, in a 11th newspaper in the FT, said the dollar was on a devalued course and the US "is implementing a weak monetary policy". Greenspan's article was published several hours before the Seoul summit of the group of 20 South Korea.　　The Fed has brought discord to the summit, despite opposition from other developed and emerging economies to the resumption of quantitative easing.　　The Federal Reserve's restart of the money-printing machine is aimed at suppressing the dollar's exchange rate and boosting exports, and will also drive hot cash into emerging markets, according to multinational politicians and finance officials. Greenspan did not write in the article about which American should be held responsible for the weak dollar.　　He worries that the exchange rate dispute triggers trade protectionism, and that "even if protectionism does not occur, global trade growth is clearly capped, and protectionism will accelerate that slowdown".　　President of the World Bank: a return to the gold standard not real dollar depreciation is hitting the global monetary system, but World Bank President Zoellick 10th said the return of major economies to the gold standard is impractical. Speaking two days ago, Zoellick published in the FT: "The [monetary] system needs to consider introducing gold as an international benchmark for market forecasts of inflation, deflation and currency price movements."　　Gold prices in the international market rebounded, 8th and 9th to record new highs. Zoellick clarified 10th in Singapore that his article was not meant to call for a return of the monetary system to the gold standard, "gold is now being used and is considered an alternative currency asset." This is different from the gold standard. "I do not advocate returning to the 19th century and tying the money supply to gold," he declared. Moreover, gold has become "the yellow elephant in the room" and needs to be addressed by policymakers and central banks in the major economies as they move forward with the discussion of a new international monetary system.　Bu Xiaoming (Xinhua newspaper feature) Link　The Seoul summit was officially opened according to Xinhua news agency Seoul November 11 (reporter correspondent Classes wei) South Korean president Lee Myung-bak 11th evening to attend the group of 20 Seoul summit of the heads of State and delegates held a work dinner, said that only through international cooperation, the world economy can achieve sustainable development.　　Lee Myung-bak held a welcoming reception and a work dinner at the National Central Museum of South Korea to attend the Seoul summit, marking the official opening of the two-day Seoul summit of the Group of 20 nations. Speaking at his work dinner, Mr. Lee said that the world economy can only achieve sustainable development through international cooperation, especially at a time when the world economy is struggling to recover, and the world is watching the 20 summit.　　At the Pittsburg summit, the leaders of the group of 20 decided to build a strong, sustainable and balanced growth framework, and the Summit will discuss the implementation of this framework. The Seoul summit, "spanning the crisis and growing Together", is the first group of 20 summit in Asia and emerging market countries. The summit will focus on the current world economic situation, a strong, sustainable, balanced growth framework, international financial reform, international financial regulation, global financial safety net and development and trade issues.