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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (17716)	12/5/2004 8:19:27 PM
From: gregor_us	Read Replies (2) \| Respond to of 116555

Too Early: Some People Have Asked Why Does Japan bother to go through the kabuki dance of buying our USD and our Treasury Debt? They have asked: why not just give all that Yen to their producers/companies whom they are effectively subsidizing anyway? The implied threat in the news report you cite sounds like someone having a Bad Day. That said, it makes me wonder if Japan feels hoodwinked afer so many years of monetizing our debt, only to have us emerge in late 2004 with a hard-ball devaluation strategy. (Clearly part of our strategy is to get Japan to complain about the "dollar" to the Chinese about their "dollar" (The Yuan). But Japanese complaining to the Chinese opens up more historical issues than they'd like, for sure.) On some level I want to say: screw the Japanese. They are a prime enabler in this ongoing scam. the complaints voiced today frankly sounds like that of a criminal getting the bad end of a deal that's of course all shady and corrupt in the first place. And that goes for China too. These two countries are parasites to the extent they have fixed their currency to ours. It has prevented them, and us, from undertaking all sorts of reasonable reforms. All of us are to blame because its really a godawful mess. It's like China, Japan and the US have been involved in a massive, onging drug deal. I assert the Yen and the USD are the most worthless of all the currencies. They have both been printed across the galaxies. I'm surprised anyone takes the Yen in exchange for anything, frankly. When financial officials start throwing temper tantrums, or say shocking things like Greenspan did in Berlin (who ever heard of an active financial official of the US call the future value of the currency/bonds/assets into question?) then its look out below time. Regards, LP