Wars - Race to the Bottom
The alarmist media always seeks to sell papers or broadcast
ratings, built on the unswerving fear that followed 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. The implied result of a real currency war is that nations are
acting or defending their own national interests. The truth is that fiat currencies, designed to depreciate, benefits the
moneychangers as the loss of purchasing power penalizes taxpayers and consumers. The
financial press spins the "so called" harmonious unity of the industrial nations, in a lame attempt to ease concerns
that the money markets can be trusted. An example is the G20 summit to focus on
'currency war' threat to economy. This Independent article, lays out the implications of the current currency
term currency war, for 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 soveriegn countries into incessant serfdom. The Fiscal Times in the article,
How a Fake Currency War
Panicked Global Economies, concludes.
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.
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."
This kind of monetary distortions is the inevitable
outcome with the abandonment of the gold standard. Currency trading is the largest market on the planet. Artificial gains
are derived from intentional imbalances, since gambling has replaced business as the path to riches. 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
"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."
"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 financers 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.
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.
James Hall – February 20, 2013
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