"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat
Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput
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Bank of Japan Ventures forth to punish the Speculators
The Chart picture says it all. This time however it is not a unilateral move by the BOJ. It is a coordinated G7 takedown of the Yen. About time!
Wow!! Hope they have airbags...
ReplyDeleteAmazing what can happen when all the bankers decide to control currencies. Defies gravity.
ReplyDeleteI've often wondered, in this economic and geopolitical environment with such a tangled web of currency manipulation, wars and natural disasters, I wonder how long the G7 (central bank puppetmasters and their favored corporations) can keep the strings attached?