In general, if the US dollar and EU euro rise in value, stocks soar in Asia so…Asia stocks rise, as Tokyo hits six-year high which is no surprise, the entire business is all about using FOREX accounts to make the dollar and euro stronger while a fractured Europe is unable to stop this and a delusional US Fed Reserve run mainly by dual citizens who don’t care about the US, stands by helplessly as this process destroys the entire US industrial economic system.
And here is the other headline proving this: Dollar Rises 5 Year High Versus Yen as Policy Outlook Diverges
The yen tumbled 15 percent this year, the most among 10 developed-market currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar gained 4.1 percent, while the euro was the best performer, jumping 8.4 percent.
Japan, like all of Asia, depends on a strong US dollar so they can have one way trade with the US which is very destructive for our economic system. But this can’t go on forever, Japanese anticipation of dominating US markets this way aren’t working so well due to US citizens seeing a drop in economic value so they can’t buy like they did in the past.
U.S. Store Traffic Sinks 21% as Last-Ditch Deals Flop which is no surprise, the working class buyers are hard hit by the ongoing depression of wages and value of property. Then there is the scandal of the computer hacking job that stole credit information from Target shoppers. Target hit with at least five lawsuits over massive data breach as their weekend sales dropped 4% so the stock value of that corporation which is a vampire operation like so much of our economic system, bringing in foreign goods cheaply like Walmart. This, in turn, will lead to a lower stock market overall since our economy is based on this insane Xmas system with a huge overhang in December and then drought for six months.
Despite being told by our rulers that we have no money to spend on American citizens, Obama, the Democrats and the Republicans all believe there is nearly half a trillion extra dollars: U.S. nuclear weapon plans to cost $355 billion over a decade: CBO report.
Of course, our rulers assure us this military spending on things we don’t need and which are designed to trigger WWIII, is OK since it will be ‘only’ a quarter trillion. But the history of spending on military stuff we don’t need is any guide, the cost over run will triple this so it will be at least half a trillion.
Japan’s stock market is rising on expectations of exporting to the US which is falling apart. Abe is a corrupt little monster and so, on the heels of raising taxes, he goes wild: Cabinet OKs record Y95.88 trillion budget ‹ Japan Today: Japan News and Discussion
Even so, the projected primary balance deficit—the shortfall between what the government gets and what it spends on everything apart from debt-servicing—is expected to shrink by 5.2 trillion yen to 18 trillion.
That means Japan’s national debt—already the highest proportionately in the industrialised world—will continue to rise, but at a slower pace.
The expectation is, workers seeing a reduction in wages will spend more on things they can’t afford and so the flood of new tax loot won’t be flowing into Tokyo anytime soon. Instead, stressed out laborers will suffer even more as yen are squeezed out of them as they struggle to survive.
Abe, in office a year, has found little traction so far with plans to unclog Japan’s sclerotic labor market. But now his government wants to ease rules, which could make it easier for companies to replace regular “salarymen” with temporary contracted workers.
Already over a third of Japanese workers are part time people who hold multiple jobs to stay alive at starvation wages. These ‘reforms’ will increase this to over 50%. In the US, reduction of good paying jobs, union jobs, lifetime jobs has led to a huge gap between the rich at the top and the masses.
This, in turn, has caused the very rich to sneer about the ’47% of Americans who are takers’ even as they take all the wealth for themselves with brutal efficiency. Telling workers they need to have less job protection, lower wages and longer working hours is disgusting and downright evil.
Secret Currency Traders’ Club Devised Biggest Market’s Rates: the way the rich get richer is often openly criminal. The unregulated FX markets are the playground for people seeking greater wealth while producing nothing useful to humanity or our survival.
They play with the savings of workers and pensioners who get slender benefit from all this while the lion’s share of the profits go to these money market manipulators who conspire to control the markets by working secretly with each other. The names that they gave themselves shows they know perfectly well they are crooks: ‘The Cartel,’ ‘The Bandit’s Club,’ ‘The Mafia’ are some of the names.
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