Who’s the currency manipulator?

As to currency manipulation, the Fed has manipulated the dollar through near-zero interest rates and lax credit policy. The manipulation of interest rates is an indirect manipulation of exchange rates. The US dollar at one point depreciated from roughly $0.80 against the euro to $1.60 in April 2008. Today, the Fed is again forcing a depreciation of the dollar relative to the yen, euro, and other currencies. Yet, these trading partners have not even made a peep in protest.

China: A Continent of Stability? (III)

The abstract concept of world economy adopted by the West as the theoretical foundation of its financial globalization campaign is obviously getting out of sync with reality. The West’s plan obviously was to create a…

New US-China Partnership Averts Default

The handshake between President Richard Nixon and Chairman Mao Zedong that began the integration of the People’s Republic of China into the international community has just reached its apotheosis. Over the past two weeks, a…

How the Economy Will Die: Slow Strangulation

The prevailing understanding of economic troubles in the U.S. and Europe, the world’s two largest economies, is misunderstood in a number of ways. First: Imagine that you are driving a car down a road packed…