Recently, Germany and China have been criticizing the U.S Government for the recent Quantitative Easing 2 (QE2) move to print more money and inject 600 billion to buy back U.S bonds / treasuries. This in fact will cause a lot of issues…one of which is the U.S dollar will go down in value and make the U.S more competitive and increase U.S
Exports. Sounds good right? Except that this move shows just how big a hypocrite the U.S Government is.
Let’s recap the U.S government borrows billions upon billions , behaving like a irresponsible teenager with a credit card from foreign countries such as Germany, Japan and China…all the while pointing the finger and blaming China saying your currency is too low, saying China you need to raise the value of your currency.
The U.S Government along with Wall Street manufactures a bubble in mortgage, sub-prime loans and derivative securities then says we need to bail out the big banks with U.S citizens tax money. The U.S Government then proceeds to steal hundreds of billions of dollars from the U.S Treasury (taxpayers money) and give it to Wall Street execs.
OK..now getting back to the teenager with a huge credit card debt (U.S Government). So now with this huge debt American Government looks to the world and say to the G20 you have to help out. The U.S Government wants the world to clean up the mess they caused.
It get’s better, Oh and the U.S Government is now going to manipulate the U.S dollar to drive it down in value. This after years of pointing the finger at China. With the U.S now manipulating their dollar by devaluing it, it affects the whole world. If you are an American citizen and you are reading this you better accept that fact that your Government has really messed up big time and don’t know what they are doing and have destroyed America.
You don’t have to take my word for it, I am just a Canadian looking from the outside in, but my point of view is also shared by the rest of Europe and Asia right now. A Canadian that have not been exposed to the same propaganda and lies in American media that portrays the U.S Economy better than it actually is. All this is well documented, I recommend you watch the following documentaries:
1. Maxed Out
2. Capitalism: A Love Story
And read and watch the articles below:
http://www.reuters.com/article/idUSTRE6A84OS20101109
http://www.reuters.com/article/idUSTRE6A80MB20101109
http://finance.yahoo.com/tech-ticker/u.s.-of-%22irony-and-hypocrisy%22-we%27re-no.-1-…-at-currency-manipulation-pento-says-535604.html?tickers=TBT,TLT,UUP,UDN,GLD,FXI,^DJI
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