With our China policy, it is simple. Bush is going to inflate the hell out of the economy. It will allow him to cut federal social programs in half without talking to anyone. To do this it is imperative to convince China to float the Yuan against the dollar. It will also allow Citicorp to lend shitloads to china and not have to worry about their loans being paid back in inflated dollars.
It is a slam dunk example of Corrupt influence taking precedent over the good of the people.
With Japan, you have to ask yourself, 'why they would piss away billions trying to support the dollar of a country that wants to inflate the dollar?'
The only answer is that the BOJ is in on the game. THEY want to inflate the yen to hide the huge government debt occasioned by the kiretsu's intertwined ownership by banks of corporations.
In a sense, there is no BOJ in Japan anymore. They violated the concepts of Glass Stegall so badly (the banks own all the industry) that in a sense the only debt they have is to themselves. There is no way to tax themselves out of it, that sheep is sheared.
In a sense, they are 10 years ahead of the US in this concept of using an inflationary spiral to bail things out.
Ofcouse, I don't have to tell you what comes next---massive deflation or dare I say, when people feel they have been screwed with enough, and stop working and saving and investing for nothing, depression.
Greenspan thinks, that he can manage it. Hey, Hey.
The "tell" is Snow, he is an idiot sycophant, but they have to tell him just enough so he blurts out things like, "well, the dollar is inflating slowly".
Then everybody and his brother has to scream, Strong dollar policy, you idiot. :)))
But once you know what is happening, you can still trade. You know where its going.
I don't trade currency, but my friend did under 6 presidents.....jeez, maybe I should. :))
Oh, and Happy Holidays :)) |
