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So solly - no intervetion for you today - better find someone else to buy yer tresuries . No - what if the Chinese, Europeans and now the japanese are basically refusing the play the old game.
Any small child can understand that having a highly valued currency means you dont have to work as hard and can buy whatever you want. Thats a good thing - Right? Unh.hunh..
If Japan is going to need to buy their way out of the mess.
Alternative enegry is what they will buy. Alternative to Nuclear--- LNG, oil exploration, off shore Cuba, off shore everywhere.
Not Green BS -- Kyoto is dead. When you have Tokyo browning out --- solar power becomes a cruel joke.
Then, if that is the Japanese game plan, having a strong yen would make the purchace of real energy much easier. Also expect exploration into large scale geo thermal around the ring of fire.
This time instead of buying Rockeffeller Center and other "western" real estate
Japan will promote and use the strong yen for what is really needed
Brut force energy --- not sissy boy energy
The BOJ is just stupid
In this situation, it requires heroic measures. they must come up with decisive, civilization scale QE to stop the panic and fight the disaster.
At least 1 quadrillion yen guys. 10^15 if you cannot count the 0s. Otherwise who will be BTFDing anymore? sigh..
massive intervention by the japanese makes the yen go up and the dollar go down
not sure i completely get that one
japan has been busy trying to weaken the Yen. its not working.
Consider that central banks are joined at the hip to their govts. Now then, in normal times, weak currency is good - keeps the sheeple from buying lots of junk from abroad. However, in times of turmoil, when the Govt may in fact need to buy massive amounts of food, energy etc from abroad - shlong is good. Econ 101.unh hunh.
Wasn't the few trillion yen in the past week not considered enough intervention already?
How big is this insatiable beast?
Who honestly believes that the G7 (all of whom are basically broke) getting together to announce strong vigilance or some other vague promise, is what caused markets to bounce nearly 3% since the sharp drop of last night?
Everything is OK! At least we got Obama's March Madness picks in.
After that, everything is gravy
These numbers sure are moving fast.
Hey TYLER the Q is working ha ha
Of course, because Obama is a post election republican. (hell he's more reagan than reagan)
He's all about supply side, budget cuts, and did you see the way he didn't march in Wisconsin? What about all the other pure fascist crap in Indiana, Ohio, and Michigan.
He's not a democrat. He's a fascist wall streeter.
Toots was a banker, which means he's mind fucked in favor of ALL banksters.
Fuck you Obama, you whore. Fascist as the others, because gasp, both sides are right wing fascists. That's what fascism is. Obama is it. Boehner is it. Even Ron Paul is it.
ANYONE that agrees it's better the let the people suffer, to pay off fraudulent debt, instead of wiping said debt out is as looney as Big Ben.
If Ron Paul wants to change his tune and say DESTROY THE FRAUD LOANS, and NOT THE PEOPLE, then I'd take him off that list, provided he didn't want to shut EVERYTHING down, and let people die by not doing anything because he is AFRAID of using his head to his all mighty fascist Austrain school of monetary non-thought. I'd do it with anybody that 'got a clue'. But first they actually have to HAVE ONE.
But whether printing or cutting, the main point is...keep honoring the debts...from ALL of these guys...from ALL of the so called sides.
BS. The only politician worth electing, is the one that won't force you into paying off fraud. Won't force YOU to suffer for the BANKSTERS imbalances.
So far, the tea party is exactly what the banksters want, and their BEST friend is....NerObama.
Oh yes he is. Only fucking idiots don't see otherwise.
Snyder, Walker, Christie, et al, are all bankster whores. Some tea party movement. They're worse than who you kicked out, and because you are #winning, NerObama, who also is a fascist, will join you and try to one up you sometimes in terms of cuts.
It's just a sick joke on us all at this point. How people can't see they're being manipulated to serve the banksters interest form all the sides is beyond me. Here we can have Hank Paulson be the new Detroit 'fianancial MARTIAL LAW manager'..thanks Mr. Tea Party for putting me in power....now your contracts...are void...hey you elected official...you're not one anymore...these two suburbs....they're one...detroit...you no longer exist....this is your home?...not anymore....you want water to continue being a service you receive? tough..we need to pay off the banksters and you can just move. So on and so forth. Welcome to the Tea Party's American dream.
Only casting off the fraudulent debt will make us free. Not this happy (w)horseshit.
Look at Ireland, only Sinn Fein has the balls to do what's neccesary(all forseeable btw) and look what the halfwits did, oh yeah, do the same as Fianna FAIL, and wrap shit in a new wrapper. Same old IMF shit plan screwing Ireland over, new name. What change did Ireland get? Nothing really. Only way this NEW gov't MIGHT do the right thing (since they have no balls) is to put it to the people via referrendum, and let them use THEIR balls to destroy the banksters. But again, since they already voted for SOMEONE to do JUST THAT, it's pretty fucking sad. *which means unlike the tea party, they did put some people in who want to do something for the people*
Again, Obama, tea party, Ron Paul...all these people were put in to stop the banksters stealing, and are currently touted to be the Snake oil that cures us....but why did they earn this?? None of them want to get rid of the fraud. They want to honor debt, even if it's fraud. They want things to go down AND not to do anything about it...something ambiguous about imbalances, and nothing we can do about it, just sit back and die. (really idiot Paul? because you believe in the same New Age, Scientologist monetary crap...as the Keynesians do...just from another perspective...but equally KOOKY in the face of REALITY)
No there is a better way. We don't have the money to pay off the fraud, especially with the world economy reeling from Japan. The only way out, is Glass-Steagall. Full 1933 implementation including upon post 1999 'financial products'. Whoever doesn't want it, is a traitor. Glass-Steagall or you're a fascist traitor. It is as simple as that. Does your congressman (left, right, center, tea) support Glass-STeagall? If not, they are a traitor. Deal with it. By voting them out..in favor of someone who WILL actually change things.
Former National Lampoon CEO and accused ponzi-schemer plunges to his death!
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