Intervention
For those interested in the subject, here is some good perspective on recent currency market headlines from someone who's been there.
posted by The Cunning Realist at Tuesday, September 21, 2010
AN OASIS IN A WORLD OF HACKS, HUSTLERS, AND HIRED SPIN
posted by The Cunning Realist at Tuesday, September 21, 2010
2 Comments:
One must defer I suppose to this mainly because he knows the Japanese, their people and institutions.
Still I have this feeling that if he was in the Treasury now he would be hearing Geithner and his people, with a chorus from the Fed, begging the Japanese to sell every yen and buy every dollar it possibly could and not sterilize a single one. Using most of the dollars to buy Treasuries of course. Eager as always for liquidity.
ALOHA!!
More proof its all a very "coordinated" race to the bottom of monetary value! Why must it be every government and central banks goal to destroy the value of everything in sight? In essence the AMERICAN DREAM has been nothing more than "debt slavery"! Sounds more like a "nightmare"... A politician and bankers DREAM for sure and a very WET one to boot ...
Congrats on your INTERVENTION ... well done!!
What's the leading cause of death for Japanese men aged 20-44, the most formidable working years ... SUICIDE! Intervene that!
All this passionate praise of the supereminence of government action is but a poor disguise for the individual interventionists self-deification. The great god State is a great god only because it is expected to do exclusively what the individual advocate of interventionism wants to see achieved. Ludwig Von Mises, Human Action, 1949.
When you have corrupt money you have corrupt morals and interventionism is the path to total free market and monetary collapse. An excellent legacy for the "brilliant failures" at the US Treasury and the US FED.
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