by Eric Blair: Banksters
Inflate Speculative Food Bubble, U.N. Offers Global GovernanceSolution
the dollar begins to decline, I wonder, "Is this it, is this
the end to the fiat dollar?" The fundamentals suggest that
it should be finished, but just as the world is about to declare
it dead, miraculously a global storyline seems to emerge just when
needed and foreign investors rush back in for "safety."
A clear example was the steady drumbeat of a sovereign-foreign-debt
war that resulted in reports of whether the Euro
would even survive, while the dollar enjoyed a triumphant ride
up victory mountain.
Since the "world"
declared the Euro debt crisis saved, the focus has shifted to exposing
America’s deficit problems, which has led to the dollar collapsing
to its 5-month
low against the Euro. There seems to be a growing realization
by foreign countries that a volatile dollar as the world’s reserve
currency is unhealthy for their nations and the global economy as
a whole – especially as it pertains to vital commodities like
oil and food. This increased awareness is causing foreign governments
to invest more in other currencies, gold, and even vast stretches
of agricultural land – while beginning to advocate for a more
stable global reserve currency.
finance minister Guido Mantega has complained repeatedly over
the past month that his country is facing a ‘currency war’ as
funds flood the local bond market to take advantage of yields
of 11pc, vastly higher than anything on offer in the West.
the midst of an international currency war. This threatens us
because it takes away our competitiveness. Advanced countries
are seeking to devalue their currencies,’ he said, pointing the
finger at America, Europe and Japan. He is mulling moves to tax
short-term debt investments.