Ben Bernanke (the chairman of the Fed) is printing dollars like there's no tomorrow.
Stanley Fischer (the Governor of Bank 0f Israel) is buying dollars like there's no tomorrow.
OK - Could be there's no tomorrow. With the intensive spread of nuclear power and the global warming which brings about natural disasters - the end of the world seems pretty real. Add to this, the major fact that God is very angry with us people, for violating the order and rules of this universe with migration ,pollution ,and globality - and you get the whole picture.
But what if there is a tomorrow ? Well, in this case, it won't have anything to do with the dollar. Let's face it, America is a superpower of debts. The World Bank is quietly looking for a substitute to the old green bill, just in case...
So why are these two respectable economy professors playing the game of printing and purchasing dollars? It's my humble opinion that they won't tell us why because they have no idea why. They're both stuck in some old theory regarding the Depression of 1929-1933 and their every second word is "growth" -whatever that means.
Bernanke was Fischer's doctoral student. Israel got the teacher, America got the student ,and the world got a big monetary and economic Headache.