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To: elmatador who wrote (94149)8/31/2012 11:56:43 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (1) | Respond to of 217576
 
It is very clear that a currency war is ongoing and that was my point the currency fluctuation are high manipulated and I suspect under the guidance of the central bankers to the benefit of the big WS brokerages.

Today is a great example of that - the FED prepared the market for Q3 almost imminent only to reneging on it and the ECB and Germany released rumors of NO WAY or YES WAY to purchase Spanish and Italian bond in the after market.



To: elmatador who wrote (94149)9/1/2012 1:28:15 AM
From: Maurice Winn3 Recommendations  Respond to of 217576
 
There is no "war" to fight: <
FT people mocked Brazil's Fin Min Mantega when he called currency war what the US as doing with QE.
Now Brazil is ready for next battle and the currency war.
Time for NZ, Australia, Chile and South Korea to fight that war
>

If they want to "fight a war" they are welcome to do so. I'm busy on holiday thanks. My NZ$ are happy enough as they are and don't need anybody "fighting a war". If people want to pay more US$ for my NZ$ they are welcome to do so. If my NZ$ goes up versus US$ why should I care? Self-destruction of US$ is a USA problem, not a problem for me.

I certainly do NOT want to pay more spivs and bludgers in government departments to work overpaid overtime to "fight the war".

Meanwhile, it's amusing that the USA would call China a currency manipulator. The whole purpose of the Federal Reserve is to manipulate the US$. That's what their regular meetings are about = "What shall we do this month to manipulate the US$? Shall we put interest rates up, or down? Or shall we just launch some helicopters to twist some QE and lend the politicians another $2 trillion to waste? Hey, let's give ourselves a big pay increase." They agree to do that and hey presto, another currency manipulating meeting is settled.

Mqurice