Comments on: World must let U.S. win currency war http://blogs.reuters.com/breakingviews/2011/08/16/world-must-let-u-s-win-currency-war/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Independent007 http://blogs.reuters.com/breakingviews/2011/08/16/world-must-let-u-s-win-currency-war/comment-page-1/#comment-8428 Fri, 19 Aug 2011 00:38:39 +0000 http://blogs.reuters.com/columns/?p=6797#comment-8428 The swarming or “flash mobs” you see in the States will pale by comparison with what is coming next.
58% of Americans actually have jobs.
That number will decrease in the upcoming months.
The corporatists control America and Congress, which is why nothing is done about our debt, or our internal financial capital issues. Congress is too afraid of their corporate masters and let the people be damned.
They want to reform health care, the insurance company with paid off politicians balk, and say, let more Americans die or go into bankruptcy because they can’t pay their medical bills.
They try to increase taxes on corporations and cut loopholes, the paid for polticians paid off by the millions paid to Congress by GE, Exxon, and other top 100 corporations say no.
They try to fix banking regulations by reimplementing Glass Steagall, and their bank bosses say NO, so let the derivatives game continue.
FInally Congress tries to fix the deficit, and this time ignorant Tea Party politicians balk at anything constructive or balanced, firmly entrenched in their ideology and ready to send America off a cliff along with themselves so that Obama can “lose” the 2012 elections.
Now you have Buffet and GE saying its okay for them to be taxed. If it wasn’t so blatantly self serving it would be funny. While I like Buffet, I don’t like GE nor the banksters.
You will soon see riots in America. Hopefully they will be acts of civil disobedience and not anything more.

However with Bernake now running out of options, all we can do from here on out is to wait for hyperinflation to set in, or wait for a declaration of war from the Congress against Iran or Syria or military action in Libya if Gaddafi is not gone(to distract Americans), and hope the US does not get too crazy on the streets in the meantime.
As far as GE is concerned, the head of GE must be a historian, at least he is talking up a good game, self serving no doubt. The banksters have not gotten the memo as yet. Let’s put it this way: what happened to those who said “let them eat cake”? Soon the people will take to the streets in America. I hope that none in authority suffer the same fate as those French leaders, but alas, they say history repeats itself for a reason.

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By: DrJJJJ http://blogs.reuters.com/breakingviews/2011/08/16/world-must-let-u-s-win-currency-war/comment-page-1/#comment-8425 Wed, 17 Aug 2011 23:26:47 +0000 http://blogs.reuters.com/columns/?p=6797#comment-8425 Our National debt represents approx. 25% of all the debt in the world and doesn’t include unfunded entitlements/liabilities of $50+ Trillion! They better let us win and we’ll change when we’re broke-it’s the progressive way!

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By: zotdoc http://blogs.reuters.com/breakingviews/2011/08/16/world-must-let-u-s-win-currency-war/comment-page-1/#comment-8422 Wed, 17 Aug 2011 13:02:05 +0000 http://blogs.reuters.com/columns/?p=6797#comment-8422 Won’t the investors money leaving the US for other countries drive up interest rates here and cause inflation here as the government prints ever more money to depress the dollar?

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By: rh_au http://blogs.reuters.com/breakingviews/2011/08/16/world-must-let-u-s-win-currency-war/comment-page-1/#comment-8420 Wed, 17 Aug 2011 04:08:32 +0000 http://blogs.reuters.com/columns/?p=6797#comment-8420 No, Wayne.

The assertion that the US must be allowed to “win (the) currency war” completely undermines the global principles and practices of floating exchange rates, and fundamentally implies that the many export-oriented nations who have successfully and legitimately managed and expanded their economies now give an unfair trade advantage to the US for… (what legitimate reason?)

Proposing that many export-oriented nations inflict economic, fiscal, social and monetary damage to themselves to deliberately and artifically support a failing US economy (fiscal, monetary and regulatory policy included) is akin to proposing to these nations to give the US ‘financial aid’ (thereby damaging thier own economies).

I understand that the basic principle behind your ideal is to redistribute wealth from the many export-oriented nations to the single largest consumer economy to inject support and longevity into a US-led global economic recovery, however that ideal excludes one of the primary and fundamental reasons the world is in this situation – loose (bad) US fiscal, monetary and regulatory policy, implimentation and management over the previous decade or so.

So, what has the US done (implimented) to improve it’s loose (bad) US fiscal, monetary and regulatory policy, implimentation and management to ensure your ideal would work?

How would the US ‘repay’ the implimentation of this ideal to the many export-oriented nations who might agree to this? (It equates to a financial transaction, a loan, and has to be repaid.)

What should the US do in return for the many export-oriented nations if this ideal is accepted by these nations, and it works for the US?

How is it equitable that more than 2,000 million (2 billion) people experience some form/s of economic, fiscal, social and monetary damage to artifically support 250 million people.

These are just the ‘basic questions’ to be asked of your ideal and there are many more important and significant questions that would follow.

No, Wayne – allowing the US to “win (the) currency war” comes at to high a price for the rest of the world that is finding it hard to survive the current global issues.

The global redistribution of wealth has already begun, and the ideal to re-concentrate it to a fiscal, monetary and regulatory moribund US economy is to effectively ask the many export-oriented nations to give back much of what they have fairly, legitimately and honestly earned to the detriment of thier own people.

Your ideal throws good money after bad and makes 2,000 million people unnecessarily suffer moreso.

And, it just ‘kicks the can down the road’, again.

The US will have to do it’s own work to repair it’s own nation and economy, and I hope it succeeds.

Leave alone the many export-oriented nations that to continue to fill the consumer-gap that bad US fiscal, monetary and regulatory policy, implimentation and management has created.

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