This is one of those times when it's natural to wonder whether the dollar's reign as the international reserve currency (which is what allows the US to be the only country that can run unlimited budget deficits at will) is about to come to an end. So it's useful to attack the most obvious candidate for the role of a secondary international reserve currency, the euro, and raise doubts about it once again, in order to reinforce the idea that the privileged status of the dollar continues unchallenged.
Washington realizes that now that the real US economy is a hollow shell, the only thing that allows the US to maintain its superpower status is its military empire, together with the special role of the dollar (which gives Wall Street a significant advantage in international finance). A bomb, H bomb, Minuteman / The names get more attractive / The decisions are made by NATO / The press call it British opinion -- The Three Johns
plan A was to out-trade the rest of the world
plan B, to pursue its own interests through dollar hegemony
plan C, if (when?) the first two fail, there's the 'big stick'.
having a global currency, with its attendant conveniences, is obviously a privilege, which when abused, becomes unsustainable.
the biggest pressure on the euro comes from our supposed 'best friend'.
there's another slim possibility, that there is a behind-the-scenes agreement to cycle major currencies from strength to weakness to buttress exports.
keep the euro high, help america's tourist and exports industries gain ground, then tip the table to benefit US treasuries.
china doesn't seem to get the rules! ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
