The problem with Euro is that the Club Med countries (whose expediencies had been to devaluate their currencies as necessary) couldn’t do it anymore.
I think many “dollars” such as Canadian and Hong Kong, as well as the Japanese yen, were pegged to the US dollar for some time.
When gold goes ‘‘no offer’’ it can’t.
AFAIK the Yen has always floated. It got a bit strong at the start of this decade causing problems for Japanese industry. That is why a lot of the consumer goods were manufactured offshore.
Then came Abenomics. The three arrows of (something), one of which was a sustained effort to weaken the Yen. At that announcement a number of people sold the Yen and made a bit of money, including myself. As the Yen dropped below 100 to the US$ (it reached 125) the QE or whatever they were using was scaled back.
The magic number is around 100. At this figure manufacturers started repatriating some of their manufacturing. I seem to remember Toyota was one…
I think the Japanese yen was pegged to the US dollar @
one dollar = 360 yen
for many years after 1945.
After the yen was floated, it became
one dollar = 200 yen
and it was a big shock for Japanese exporters.
The lowest point for the USD was around 1977 when the dollar hit the rock bottom
one dollar = 70 yen
There’s so much currency manipulation, just like prices of gold and crude oil, nothing can be trusted. The “rise” of the yen was to destroy Japanese manufacturing and infrastructure
About the Deep State. He might be on the HRC hit list. This might be a big, we’ll see.
Maybe self promoting? We’ll see.
Re my post above.
Japan appears to have made a lot of money exporting stuff to the US since 1950s after the recovery from war devastation. Did the Japanese get rich on these exports?
No.
With whatever $$$ Japan made, Japan was forced to buy US bonds and it still is not allowed to sell or cash them.
(God knows how much, billions or trillions of dollars)
Suppose you sell your car to your uncle and he writes you a check. But he forbids you to cash it or transfer it to somebody else. (What’s going to happen if the uncle dies or his finances go completely belly up? Will his check be redeemable? Of course not.)
Similar things happened to Germans. Germans converted their gains in export to gold, but the US kept the gold in the US under the excuse that the Soviet Union might invade Germany and take away the gold.
Last I heard was that Germans successfully reclaimed some of their gold from the US
Yes, I watched that interview. I’m interested in learning the names of X, Y and Z. I think Brennan is one of them, Clapper is another and I’m hoping Obama is the third.
There is no doubt in my mind that Obama knew all along what was going on.
How was Japan forced? Threat of military might of the US?
Japan has been under military occupation over 70 years (on the pretext that there is a communist threat to the country).
I live only a few miles away from the largest US Navy base (outside the US). There are US Air Force bases, Army bases and Marine Corps bases around Tokyo. If the Americans are seriously considering protection of the country, wouldn’t they be in the north?
Japan’s democracy, so-called, is a joke.
Ok, I did not do any historical research but that makes sense given that Japan was essentially a US protectorate after WW2. Here’s what Wikipedia has to say…
Disagree, the rise of the Yen was due to the same forces that contributed to the rise of the Deutschmark; their countries were prohibited from engaging in anything to do with armaments or armed forces and as a result their industry conquered the world. You only have to look at the go-to places for engineering, factory automation and machine tools to see this … not to mention cars. So they, Germany and Japan, won the peace.
OK, I was wrong about the year.
Holy shit!
Did you post this in Dr.Manshe’s thread on Trump and Spygate?
Having a presence in Japan does not constitute military occupation. We are not running the country. They still have their Emperor and their government.
As usual, you are FOS.
Indeed, the Japanese lost the war (in case others hadn’t noticed 
) and a part of the surrender strictures was that they, Japan, were not allowed to have armies or weapon systems, and that the USA would therefore guarantee or police the country’s safety.
That’s a bizarre interview.
Assuming that some if not all of what he has said is true he must be a seriously brave and I suspect seriously scared individual.
I hope he uses some of his wealth to pay for experienced personal security as I fear he is going to need it.
Apparently he has already revealed his findings to AG Barr and others. There is no need for the perps to kill him.
You mean the thread for DrM & Twr? No, I don’t go there.
You mis-heard. He said he referred to his guru as Rabbi, and later went on to name his Rabbi as Warren Buffet, and yet later he said “neither of us even ■■■■■■■■
He was looking very uncomfortable the further he got into the interview, and I liked the part where he called that journo “a clown”.
I mostly only read, the information flow is too great to take it all in…
Do you mind if I put this up in the Manshe thread? That thread gets a lot of readers…