Russia is one of the biggest FOREX holders on earth after the Chinese and Japanese. The US has seven trillion in IOUs held overseas due to the biggest trade deficit in the history of humanity. The US tried desperately to destroy Russia’s banking system this year. But it was, as I accurately predicted, a laughing failure. Instead, the mess caused the euro to nearly collapse.
Tag Archives: FOREX reserves
All EU nations run trade surpluses with the US as do nearly all our trade partners. So they do as we say because they don’t want to stop this destruction of the US internal economy. This lopsided trade is destroying the US relentlessly and is our major future disaster but it is also TOTALLY ignored by our media owners (most of whom want this bad trade!) and by our AIPAC-owned Congress. The military/industrial complex had funds cut recently and are banging on multiple war drums to drum up more business at our expense, paid for via selling debt to Russia and China.
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.
I have always been very concerned about the decline and fall of Great Empires and know this is intimately tied to trade. The UK used to rule the world and look at today: Poll says Labour still on course for 2015 victory – but UKIP is now Britain’s ‘favourite’ political party: this astonishing rise of a nativist movement is due to the flood of aliens via the new EU rules. David Cameron has LOST a third of Conservative voters since the last election, shock poll reveals shows that the far right is peeling away from the middle right just like in the US. The news this week that China is the world’s #1 trade power has slugged the sluggards who created the New World Order in the snout. They still assure everyone that the UK and US are the world’s #1 banking power but this is due mainly to madly buying up the debts of these two world trade loser nations at a frantic pace to keep the banks solvent.