Japan’s Devaluation Of Yen Leading To Mass Devaluations—US Stocks Crash

I noticed the other day that Abe went to Davos, Switzerland, to boast about how he fixed Japan’s economic problems via debasing the currency as much as possible thus enabling higher export profits with the US and EU.  For this devilish activity, he was applauded by the US State Department as ‘So Very Clever’.  Now, the chickens are all dropping dead in the roost as all trade currencies go plunging down, too.  The last 30 years of the US demanding that Japan and China make their currencies higher in value has collapsed as has the US stock market and other systems.

 

Bond Markets Rocked By Panic As China Restricts Credit And Afghanistan Rocks US Spooks

Taliban attack CIA headquarters in Kabul, Afghanistan

BBC News – Afghanistan presidential palace attacked in Kabul

Far from being stable, world markets continue to broil away.  The complex nature of free trade with all of its cheating, evading responsibility, exploitation of labor, destruction of entire cities, all of this is stirred up by currency games due to the nature of floating fiat currency regimes that leads to uncertainty, cheating, manipulations and of course, exploitation of capital by destroying savings via inflation or destroying economies due to currency valuation changes.  Far from being secure, as the machinery set into motion with the free trade/floating fiat currency is fine-tuned, it gets increasingly destabilized and destructive to societies.  So the news isn’t good, as far as bond markets and stock exchanges this month.

Japan’s Huge Trade Deficit With Asia And Middle East Destroys Finances

 

BOJ’s Kuroda says pain from bond yield rise is manageable which is pure wishful thinking.  Japan can’t let interest rates rise above ZIRP levels for a reason: the huge, huge overhanging levels of debt!  The US fell into the Japanese trap, too.  As has England and some European countries.  Interest rates can and do suddenly shoot upwards when debt loads are too great.  This is why taxing the rich is so important, only they can pay down huge debts.  And globally, the very rich refuse to do exactly that.

ENGLAND’S ETERNAL DEBTS

England is still paying interest on ancient loans from WWI.  These loans are INFINITE.  They will never vanish.  The interest paid has paid off the loans many times over.  England has a long history of falling into depressions that sometimes last for more than a generation.  Seems that Japan likes to do the same.  

 

So today, we read very old newspapers and talk about very old debts.  And how depressions are beloved of coupon clippers and other people who rely on collecting rents and holding bonds.

 

CLICK HERE LARGE PRINT EDITION: ENGLAND’S ETERNAL DEBTS « Culture of Life News 2