Currency Wars

[The Dharma Bum]

A currency war is where competing national economies devalue their currencies to spur exports and to pay back loans in currency that is worth less than at the time the loan is made.

http://en.wikipedia.org/wiki/Currency_war

Last currency war was in 72, the Nixon shock, leading to a period of continuous recessions that lasted until the Reagan years. The various economic bubbles created in the time since the Reagan era represent failed attempts to resolve the underlying economic issue in accordance with neoclassical economic thought and have lead to a debt bubble of immense proportion, it's only a matter of time until that collapses. Already blowback from what we have to do to maintain the bubble is causing major geopolitical instability. A hot war is imminent.

Before that was in the period from the 20s leading to WWII, a conflict which was caused by the extreme political reactions of Germany and Japan to the manipulation of the global economy, and therefore the very fabric of those societies. We suffered through the Great Depression but the damage done to those societies was incalculable as was the damage resulting from the inevitable social result, WWII.

Currency wars are among the most destructive social forces known and we are entering one right now. The BRIC nations are importing gold in mass quantities to staves off attacks on their currency by USD and banking in the BRIC nations are challenging the dominance of USD:
http://www.zerohedge.com/news/brics-ban ... -dominance

Important book:
http://www.amazon.com/Currency-Wars-Mak ... 1591845564

Massive reallocation of human capital is imminent.

[Stratego]

The only nation that doesn't devalue its currency is Bitcoinistan.

[Winchester]

[Winchester]

[The Dharma Bum]

[The Dharma Bum]

[The Dharma Bum]

Wealth is now being hunted down and seized by a global witch-hunt. There is literally a "star spangled curtain" in place in regard to the integration between US financial systems and the rest of the world's. This structure represents a net that is slowly tightening as global control is consolidated. For now it is IMF debtor nations, tax shelters, corrupt dictators, and money launderers for the cartels etc that are getting the heat but when that well runs dry they will start coming after "hoarders" here just like they did when FDR seized all private gold holdings during the Great Depression.

That is the real purpose behind the ruse of terrorism and the false flag attacks that justified the security state to the population. It's all merely a justification to keep track of wealth and militarize law enforcement in order to seize it when it becomes necessary. Understand that these people see the writing on the wall and they don't give a shit. They are going to fight it out, that much is clear.

That's the end game. This is the same confluence of forces that lead to the fall of the ancient civilization. When there were no more lands to conquer to finance the states domestic social obligations they turned to seizing the wealth of Roman citizens. When taxes became too high in the provinces the wealthy land owners walked away from the great estates that fed everyone and the system collapsed. The mighty Roman military machine was rendered inoperable in the process.

That will be the result of the sovereign debt crisis we are currently seeing as well. The world is experiencing a debt bubble of unprecedented proportions.. One that dwarfs all other financial bubbles in history. Over 1000 trillion in social welfare obligations unfunded by the world's governments exist at the current time. That cannot be printed away. They have no choice but to follow the course of action I proposed they will follow.

A "massive reallocation of human capital" was the end result in ancient times. Those who fail to understand history are doomed to repeat it.

[gla22]

I think there would be outrage if the government started seizing the money of private individuals and I doubt it will happen. I think there will be cuts in services like pensions, SS, ect. before private funds are seized. I think the U.S. citizenry will reach a point where they are very displeased, with 20% of their tax dollars going to pay interest, and another 50% going to unnecessary special interests, they are only left getting 30c on the dollar in value for their tax spending.

[The Dharma Bum]