Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Well, the USA is certainly far from promoting an overvalued currency either. It could be that the USA and China are now, de facto, in a competitive devaluation situation for reasons other than balance of trade. But it seems to me that in all of the countries concerned the central banks, which, unsurprisingly, work in the interests of financial elites, are inherently in competition with other central banks and that when one or more of these central banks are captured by fraudsters who also have control of the government and the legal system it is very bad news for everyone else, who will only be left with the scraps the fraudsters find inconvenient or not worthwhile to grab.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 24th, 2011 at 07:46:13 AM EST
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