Who are the USD's Most Influential Figures?

[RTFX-Trading]

The 3 people who determine most the fate of the US$ are Ben Bernanke, Timothy Geithner and Lawrence Summers.

Who is Ben S. Bernanke? Bernanke is the current Chairman and a member of the Federal Reserve System. Dr. Bernanke is also serving as Chairman of the Federal Open Market Committee (FOMC). He succeeds Alan Greenspan and was appointed as a member of the Board to a full 14-year term, which expires 31st of January, 2020, and to a four-year term as Chairman, which expires 31st ofJanuary, 2010.

Who is Timothy Franz Geithner? Formerly serving as president of the Federal Reserve Bank of New York, Timothy Franz Geithner is the 75th and current United States Secretary of Treasury.

Who is Lawrence Henry Summers? Summers is the Director of the White House’s National Economic Council for President Barack Obama.

Emman Xuereb
Trading Desk
RTFX Ltd
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[RTFX-Trading]

Ben S. Bernanke
Born December 13, 1953

Ben S. Bernanke is the current Chairman and a member of the Federal Reserve System. Dr. Bernanke is also serving as Chairman of the Federal Open Market Committee (FOMC). He succeeds Alan Greenspan and was appointed as a member of the Board to a full 14-year term, which expires 31st of January, 2020, and to a four-year term as Chairman, which expires 31st ofJanuary, 2010.

In 2002, the word "deflation" began appearing in the business news. Bernanke gave a speech about deflation where he mentioned that the government in a fiat money system owns the tools needed for creating money. Controlling the means of production of money means the government always has the power to avoid deflation by simply issuing money. During a speech he referred to a statement by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation, and since then critics refer to him as "Helicopter Ben" or to his "helicopter printing press." Bernanke went on to say "people know that inflation erodes the real value of the government's debt and, therefore, that it is in the interest of the government to create some inflation." For example, while Greenspan (Former Fed Chairman) publicly supported President Clinton's deficit reduction plan and the Bush tax cuts, Bernanke, stated that taxation policy was none of his business, and that his exclusive responsibility was monetary policy. He believes fiscal policy and wider society related issues were what politicians were for and got elected for. Indeed, in his undergraduate economics textbooks he somewhat distances himself from the rhetorical economic libertarianism of Greenspan.

Source: http://en.wikipedia.org

Emman Xuereb
Trading Desk
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.

[RTFX-Trading]

Timothy Geithner
Born August 18, 1961

Formerly serving as president of the Federal Reserve Bank of New York, Timothy Franz Geithner is the 75th and current United States Secretary of Treasury.

Geithner's position includes a large role in directing the nation's economic response to the financial crisis which began after the last boom peaked in December 2007. Specific tasks include directing how $350 billion of Wall Street bailout money is allocated. He is currently dealing with multiple high visibility issues, including the survival of the automobile industry, the restructuring of banks, financial institutions and insurance companies, recovery of the mortgage market, demands for protectionism, Obama's new tax proposals, and relations with foreign governments that are dealing with similar crises.

Geithner, and the Obama administration, have adopted a confrontational stance towards China as they believe that Beijing is "manipulating" its currency and that these actions hurt American businesses and contributed to the financial crisis.

Source: http://en.wikipedia.org

Emman Xuereb
Trading Desk
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.

[RTFX-Trading]

Lawrence Summers
Born November 30, 1954

Lawrence Henry Summers is the Director of the White House’s National Economic Council for President Barack Obama. He also served as Secretary of Treasury for the last year of the Clinton Administration. Summers was also the 27th President of Harvard University from 2001 to 2006. As a researcher, Summers has made important contributions in many areas of economics, primarily public finance, labor economics, financial economics, and macroeconomics. Some of Summers' early papers concluded that corporate and capital gains taxes are an inefficient form of taxation.

Source: http://en.wikipedia.org

Emman Xuereb
Trading Desk
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel: +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.