Eurozone Debt Crisis 2.0: Dollar Sucks Less than Euro, Again!
- The corporate MSM is used as a propaganda tool by the Illuminists. It is there to sell wars and more wars. It is there to sell fabricated evidences of ‘terrorism’, WMDs, nuclear weapons …. to foment wars for the Illuminati. War is simply a method of raping the sheeple of their possessions and mass culling. The Illuminist ruling class builds their private military industrial complex (MIC) up using the taxes of the sheeple, ie wealth of the sheeple, and amass even more power. The Satanic cabal which rules this world uses war as a method of controlling the sheeple.
- The financial MSM sells the Wall Street casino. Like all casinos: the house always wins. The sheeple are led down the street to financial ruin via all these financial ‘experts’ on TV. Will they tell you about the fraud and crime perpetrated by privately owned central banks? Will they tell you that the FedRes and ECB creates money out of nothing and loan it to the governments with interest? Will they tell you that governments are just another fully owned department of Illuminist banksters? All the bailouts are really about giving money to the banksters!
Eurozone Debt Crisis 2.0: Dollar Sucks Less than Euro, Again
The grand symphony of currency manipulation seems more finely orchestrated than ever before. However, it’s not necessarily the fundamentals that are moving currencies so much as global perception. In the battle between the Fed’s quantitative weakening of the dollar versus the eurozone debt crisis, the dollar is winning this round of who sucks less.
On October 1st, I posed the question, will the dollar rebound before being dissolved into a global currency? At that time, no one was predicting the dollar to gain strength with the Federal Reserve planning more quantitative easing. The windbag media promoted QE2 as a stock market stabilizer and a boost to U.S. exports, yet most experts openly called it a backdoor bailout, or monetizing debt, or plain old money printing. Nearly everyone agreed it would ultimately erode the value of the dollar even further and cause measurable inflation.
Indeed, it was a well-justified gloom-and-doom 6 months for the dollar by Fed critics. After all the media build-up, the Fed’s announcement of the $600B easing plan came strategically on the day after mid-term elections, when most of the media was focused on feeding the false left-right frenzy by digesting the election results. In other words, QE2 got some mention, but the timing was clearly a tactic to keep a lid on the talking-head backlash. Then, Obama rushed out of the country for the G20 economic summit taking the remaining media distraction with him. Between stories of Michelle’s shopping trips, it was revealed that China and other foreign economic players were not very happy about the Fed’s move. Yet, the dollar started to rally.
Recent commentary by Chuck Butler in the Daily Reckoning questions the commodity sell-off and dollar rally:
But does it all make sense, given what I mentioned above that the FOMC is looking for inflation to inject into our economy? No… But since when, going back to the financial meltdown, does anything the markets do make sense?Nothing makes sense if we still believe fundamentals actually matter. Sure the dollar is nearly dead, fundamentally, but it seems that perception now trumps concrete analysis. As I reported in October:
The fundamentals suggest that it (the dollar) should be finished, but just as the world is about to declare it dead, miraculously a global storyline seems to emerge just when needed and foreign investors rush back in for “safety.” A clear example was the steady drumbeat of a sovereign-foreign-debt war that resulted in reports of whether the Euro would even survive, while the dollar enjoyed a triumphant ride up victory mountain.
Now, here we go again. As soon as the Fed announcement was made, the media shifted its focus once again to the eurozone debt “crisis.” Story after story, day after day, about the developing crisis in Ireland — and now Portugal. News agencies often salivate to repost these headlines, because crisis sells. And it sells because doom and gloomers, otherwise known as fundamental analysts, are waiting for reality to catch up to the numbers — not just in the eurozone, but globally. The debt-infected PIIGS is a legitimate story, but it is clearly being heavily pushed to make the dollar look less pitiful.
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