This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

The Currency War, Part II

Editor's Note: This is the second of a two-part series. Read The Currency Wars, Part I.

NEW YORK ( Bullion Bulls Canada) -- In Part I , readers saw how our political "leaders" were deliberately destroying our economies (at the request of the Corporate Oligarchs whom they serve) in order to boost the short-term corporate profits of these Oligarchs -- by destroying the wages of their own workers.

Readers also saw the additional costs of this economic suicide: massive unemployment, spiraling debts, and soaring inflation.

This comes in the context of a convoluted logic in Bloomberg article that discusses the current financial summit of the G-20; where the G-7 sub-group issued a quasi-denial that they were planning a "currency war." This is, of course, a ludicrous lie -- since we have roughly a decade of actions by these same G-7 nations that totally contradict their hollow words.

For the past 10 years or so "competitive devaluation" has been the official monetary policy of these governments: competing to see who could destroy the value of their currency the fastest. So how would a "currency war" differ from our present "competitive devaluation"?

At most, a currency war would simply be a greater degree of what these corrupt governments have already been doing for the past 10 years. At least, the difference is pure semantics. Thus when Bloomberg speaks of our governments efforts to "calm concern" about a currency war, the sham is utterly transparent.

Our dishonest governments are attempting to reassure us they aren't "planning" on doing (in the future) the same thing they have been doing for the past decade. This is much like a heroin addict (with needles sticking out of his pockets) assuring anyone who will listen that he has "no plans" on shooting up.

This leads us to two closely related questions. Why are our governments lying about their currency destruction? Why is the success of this lie of such vital importance to these governments? The answer to these questions requires one-half arithmetic and one-half understanding human nature.

One thing which humanity has always been good at is destroying things. Thus when our governments compete to destroy their own currencies, we know they will be successful. From the moment that competitive devaluation began, the only possible outcome was all these debauched currencies going to zero -- i.e., the definition of hyperinflation.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs