The alarmist media always seeks to sell papers or broadcast ratings built on the unswerving fear that following the financial meltdown the banking establishment profits from the debt liquidation panic. The lack of stability in fiscal confidence certainly abounds, but the schemes to paper over the mountain of liability obligations, develop at even a more rapid pace.
G20 officials are set to disregard key parts of the G7 currency statement while making no direct mention of new debt-cutting targets – something Germany is pressing for but which the United States is opposed to.
CMC Markets analyst Michael Hewson said: “What the G7 basically said this week is that it is fine to manipulate your currency as long as you don’t talk about it. These ‘currency wars’ are more like phony wars. The bigger problem the G20 has is not currency wars, it is a lack of growth.”
Substitute the term currency war with coordinated inflation, cloaked in the public announcements, out of the globalist ministers for a single world currency. Do not doubt for a moment that the ultimate goal is to create managed crisis, in order to push sovereign countries into incessant serfdom.
The Fiscal Times in the article, How a Fake Currency War Panicked Global Economies, concludes.
What we have been calling “the currency wars” these past couple of weeks is nothing more than a process of adjustment. Exchange values will settle. We have entered a period where economic priorities are changing on a global scale. This reflects a shift in views even from last autumn, when austerity was still the faith. This adjustment will have its effect on currency values, let there be no question. Do not mistake it for a war.
True wealth is build upon the fruits of commerce. The dangerous notion that a cheap currency is desired because it expands exports is a sure formula for national demise.
This point illustrated by George Smith, provides a more realistic assessment in his essay, Currency wars are fiat wars.
According to the U.S. Department of Commerce, exports accounted for 13.8% of GDP in 2011, a record high but still a small fraction of the total. Devaluing the currency for the alleged benefit of a small segment of the economy hardly makes economic sense when it penalizes all participants with higher prices. It also buttresses the sense that the currency wars will ignite a shooting war and end like all wars, with only a handful of winners and millions of losers. As we know Keynesians star-struck with World War II believe otherwise, and Keynesians run the economy.
The observation that the global financial potentates are Keynesian disciples is undeniable. The fable that an actual currency war is upon us, avoids the valid supposition that replacing the present floating exchange system with a contemporary fixed currency standard would restore equilibrium and fiscal discipline, and curtail much of the collusion among central banks. Welcome a genuine currency crusade that eradicates the globalist infidels and reinstates trusted and stable coinage to a legitimate free enterprise economy.
As long as script money is used as an accounting medium for central financial planning, honest coinage will be attractive as an alternative to depreciating paper values. The race to the bottom is more a rush away from legal tender to actual commodities. The Japanese Yen’s dramatic drop in comparison to most currencies is just the beginning of a rotating realignment that sees world purchasing power reduced for average citizens. The essay, Bretton Woods II – The Final Enslavement of Mankind, provides the hint of the end game.
These financiers are admittedly the evil rulers of society. Any attempt to force a singular currency and a universal taxation levee is a fulfillment of the final enslavement of man-kind. Bretton Wood II is an outline for things to come. The debt created money cartel is ready to impose their captivity on sovereign governments.
As the revolving musical chairs plays out, the planned calamities drive the “Nervous Nellies” into the arms of the banksters cabal for a fabricated, but temporary, stability. This staged scenario keeps the one world combine administering their “Pollyanna” existence at the expense of the exploited. The financial elite are living in a dream world of their own creation.
The factual result from this cooked-up currency war raises international debt obligations out of an urgent hope of serving their roll over refinance with even cheaper currency values. The worldwide financial system, desperately entrapped in a black hole of lower economic growth and wealth generation, cannot combat the consequences of compound interest.
When the sad song stops, interest rates will explode upward. At that point, all paper money will lose the confidence of the financial markets, as the derivative bubble breaks. The final bottom is anybody’s guess. The political response will take the appearance of a unified front to save the intercontinental financial system. The literal result will be that the New World Order elites will consolidate their power and control over an inventive substitute for national currencies. The valid conclusion is that the actual war is one against the entire banking charade. Money is a mere bookkeeping device.
SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit’s formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. SARTRE is the publisher of BREAKING ALL THE RULES. Contact firstname.lastname@example.org