Looks like Americas little buddy Japan is getting very angry about America starting a Currency War that is damaging Japans economy.
Japan’s new Prime Minister Shinzo Abe has become the author of another chapter of modern history of the world currency wars. He accused the
central banks of the USA and the European countries of steps leading to the strengthening of the Japanese yen and other national currencies against
the dollar and the euro.
It is clear that America is gasping. Will it be one of Americas 'friends' that puts America out of its misery? We all know that the US economy can
only exist while they maintain the Reserve Currency. The whole 'quantitative easing' lunacy is an act of sheer and utter panic and desperation. QE is
making things much worse, not better. Now even Americas 'friends' are turning their backs on America.
2013 will be the year of currency wars, and the country having the weakest economy will be the winner. Most likely, this will be the USA. The US
Federal Reserve System has launched 3 programmes aimed at quantitative easing of the national economy and again started money-printing. The reason is
clear: the USA wants the dollar to remain the world reserve currency.
The US needs the Reserve Status. It is losing it fast. This article ends by claiming that we are on the threshold of a new global currency being
They acknowledged though that the Bretton Woods Agreement had exhausted itself and that the world is on the threshold of creating a new
I am happy for a new Global Currency to be created as long as America does not control it.
America gave themselves all the cards after WW2 and they have shown time and time again that they cannot be trusted. America cant run an economy.
America stuffed up their economy with the Vietnam War which destroyed confidence in the USD. Countries were trading in their USD for gold and America
was doomed. But Nixon just decides he can change the rules and tells everyone the 'gold window' is closed. hmm. Thats what happened so dont let me
hear you patriots babble about gioing back to the Bretton Woods System because you already stuffed that up once. You dont get another chance. And you
solved the lack of demand for the USD by forcing the world into the petrodallar set up. This forced nations to settle international trade in USD. So
America could continue on their merry way abusing the Reserve Status as if it was a stolen credit card until America has an unpayable 16 trillion
dollar National Debt.
Im sorry America but you failed to keep your leaders in check. The world is not going to give you yet another chance. Your days are numbered and you
The Reserve set up has been flawed since day one. Triffin explained that it is a paradox to have a country controlling a currency that acts as a
domestic currency as well as a reserve currency. Nixons secretary of finance John Connally once told a shocked world "The dollar is our currency, but
your problem". Well its your problem now America. Your problem.
No more chances. This is it.
How America responds to its loss of status will determine how it is treated in the future. If America cant face reality and acts like a child, which
is likely, then Americas future will be alot worse than it already will be.
Be mature about this America. You are not the greatest and you never were. You were a jerk. Now that you are just a regular country, maybe you can
start winning some of your friends back. QE isnt going o do it. America must face reality and stand down. Give up the Reserve Status without a fight.
It will win you some much needed respect.
edit on 25-12-2012 by spangledbanner because: (no reason given)