Many MSM news reporters are breathing a sigh of relief because Trump’s currency war between the U.S. and China was avoided (according to the news reports).
A quick, if familiar, observation to start the day courtesy of Bank of America which in the latest overnight note from Michael Hartnett notes that central banks (ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, “the largest CB buying on record.”
As Hartnett notes, the “Liquidity Supernova is the best explanation why global stocks & bonds both annualizing double-digit gains YTD despite Trump, Le Pen, China, macro…” –Zerohedge.com
*But, ask yourself:
Is the U.S. empire becoming insecure and desperate?
Doesn’t that also make the U.S. government increasingly dangerous?
Do Empires reform?
If Trump’s first 100 days are an indication, we would not expect to see a U.S. government reversal from the White House – which currently is held hostage to the military industrial complex facing budget debt ceiling fight in Congress.
Starting tomorrow (24 April 2017) both a nuclear explosion drill (operation GOTHAM SHIELD) and Executive Branch Preps For Government Shutdown begins on the same day. “The government will shut down midnight on April 28 if Congress cannot agree on a spending bill.” According to the Office of Management and Budget (OMB).
Remember, Follow The Money.
Title: Five Ways Governments Debase Currencies
Video posted 13 Apr 2017 by Rethinking The Dollar
…Vice President Tareck El Aissami called a “ruthless economic war” being waged against the Maduro government.
- There is a public currency exchange rate trading in a Parallel Market in Venezuela.
- There are three different currency exchange rates in Venezuela.
- One of them is highly appreciated to subsidize foreign currencies to local companies and its citizens.
- Widespread use of the Venezuelan model for other export-driven countries.
- The IMF was created to avoid these competitive devaluations or currency-related subsidies. Hello?
Venezuela: the black USD trades at 3,524,800 Bolivars per dollar (real)
China: the black USD trades at 1,000,000 yuans per dollar (estimated)
Japan: the black USD trades at 100,000,000 yens per dollar (estimated)
The same occurs in South Korea, Brazil, etc…
Primarily we must know that Venezuela changed its currency from the Bolivar (Bs, with code VEB) to the Bolivar Fuerte (Strong Bolivar in English, BsF with code VBF) effective date January 1st, 2008, so that 1,000 Bs turned into 1 BsF. […]
There are three currency exchange rates. Data as of January 21st, 2017:
*Currently, the official exchange rates are:
-A fixed rate, called “protected rate” = 10 BsF/$. The government sells USD at this rate to private investors to purchase imported raw materials, food and medicines, which includes cheap goods manufactured in China, obviously.
-A variable rate launched in early 2016 called “floating rate” or Dicom = 682.11 BsF/$. The reason was the government was running out of USD because it was selling them at the “protected rate”. I guess it will be the rate for tourists purchasing Bolivars Fuerte at the Currency Exchange stores or withdrawing cash from an ATM. This is also the rate for wealthy Venezuelans and politicians that want to have vacation in the luxury hotels in Dubai and NY.
The confusion between the Bolivar Fuerte and the Bolivar continues to today, because the website provided says Bs/$ when it should be read what I said, BsF/$. This confusion is intentional and, the odds are that is obliged by the Venezuelan government. This is because it’s widespread among people talking about Bolivar and not about the Bolivar Fuerte.
We can deduce the black dollar is now trading at 3,524,800 Bs/$, that is, more than 3.5 million old Bolivars.
Is this (flip-flop) the IMF’s signal for escalating the Trade/Currency wars?
IMF Drops Pledge To “Resist All Forms Of Protectionism”
by Tyler Durden Apr 22, 2017 3:30 PM
One month after a startling reversion by the G-20 finance ministers and central bankers, who during their latest meeting in Baden-Baden dropped a decade-long tradition of rejecting protectionism and endorsing free trade, pressured by Trump’s delegate Steven Mnuchin, the IMF has done the same, and according to a communique from the IMF’s steering committee released on Saturday in Washington echoed the G-20 reversal, and said that officials “are working to strengthen the contribution of trade to our economies” while omitting a call from its last statement in October to “resist all forms of protectionism.”
The International Monetary and Financial Committee – which is the IMF’s top advisory panel, composed of 24 ministers and central bankers from nations including the U.S., China, Germany, Japan and France – released the statement during the spring meetings of the IMF and World Bank. Since joint statements at gatherings such as the G-20 and the IMF require assent from members, the change in the U.S. position on trade from the Obama administration is forcing modifications in language that was previously uncontroversial.
Read more zerohedge.com
Title: Infowars Exposed & Debunked Again: COG vs. ZOG Explained
Video posted 20 Apr 2017 by TruthMediaRevolution