Visibly Annoyed and Aloof Obama Gets Slammed by Brazilian President Over U.S. Monetary Policy [shtfplan]
April 14, 2012 Leave a comment
In a meeting where neither looks very happy with the other, Brazil’s President Dilma Rousseff lambastes President Obama over expansionist monetary policies that are having a direct impact on the currencies of emerging economies, including her own.
Throughout the clip, as Rousseff discusses her concerns over US monetary policy, President Obama seems visibly annoyed and distant, giving the impression he’d rather be teeing off than discussing the critical monetary, fiscal and economic issues facing the world. The President’s body language – his twiddling of the thumbs, rubbing the corners of his mouth, inability to remain focused – overtly indicates either his complete disinterest in how US monetary policy affects our global trading partners, or that he simply doesn’t understand what this woman is talking about.
I also voiced to President Obama Brazil’s concern regarding the monetary expansion policies that ultimately mean that countries that have a surplus be able to strike a balance in those economic monetary expansion policies through fiscal policies that are ultimately based on expanding investments. Such expansionist monetary policies in and of themselves, in isolation regarding the fiscal policies, ultimately lead to a depreciation in the value of the currency of developed countries, thus impairing growth outlooks in emerging countries.