“Fairness” & Earth’s Greatest Currency Manipulator

Monday, May 2, 2016
By Paul Martin

from One River Asset Management’s Eric Peters,
ZeroHedge.com
05/02/2016

“We have created new tools to determine whether an economy may be pursuing foreign exchange policies that could give it an unfair competitive advantage against the United States,” announced the Treasury, late Friday.

“China, Japan, Germany, and Korea will be closely monitored as a result of a material current account surplus combined with a significant bilateral trade surplus with the United States.”

“Taiwan will be monitored as a result of its material current account surplus and its persistent, one-sided intervention in foreign exchange markets,” continued the Treasury, bending to the stiff winds of political change sweeping the nation.

The 2016 election has laid bare the deep insecurity of America’s ageing working-class, their resentment toward foreigners, competition, change.

While America’s youth clamor for fairness, a future free from crushing student debt, the oppression of a government owned by and run for big business, the US Treasury is responding, warning our trading partners against artificially weakening their currencies, stealing our growth, depressing our wages, destroying our jobs.

The Rest…HERE

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