The corporate, dying, legacy, deadstream media published an article
earlier this morning in yet another attempt to discredit any nation that does
the exact same thing the U.S. does. Obama dropped bombs on nations every 20 minutes for the entire 8 years he was in office
and is allowed to keep the Nobel Peace Prize. However, if say, North
Korea TEST FIRES a weapon, well, that is cause for a full blown attack
against a nation that is about as much a threat to the U.S. as a group of
bushmen living in the wilderness somewhere.
What about “money printing”? China has been verbally attacked, had tariffs
invoked and called a “currency manipulator” by the western globalist and their
mouth piece, the corporate, dying, legacy, deadstream media. But it’s
okay for the Federal Reserve on orders from the U.S. Treasury Dept. to print
up trillions for bankrupt banks, bankrupt auto manufactures and any other corporation
that held out their hand for TARP funds.
So, what’s China doing that is causing problems for the globalist wealth
transferring mechanism? Let’s see…
China appears to be propping up the yuan just as it prepares to restart
trade negotiations with the U.S.
After falling to a one-year low, the offshore yuan — one of the world’s
weakest currencies in recent months — on Thursday surged the most since
January 2017 as cash supply dwindled and the central bank set its daily
fixings at stronger than expected levels. That came as the Ministry of
Commerce said it would send a delegation to
the U.S. later this month, stoking hopes of a revival of talks that
stalled in June.
“China and the U.S. are finally sharing common interests on the yuan:
while Washington always wants a stronger currency, Beijing may think the
exchange rate has fallen enough and needs to stabilize,” said Zhou Hao, a
senior economist at Commerzbank AG in Singapore. “We will see intense defense
if the yuan moves closer to seven per dollar.”
Source – MSN
That doesn’t really stack up to what the Federal Reserve, European Central
Bank (ECB) and Peoples Bank of Japan (BoJ) have done with their currencies.
Without even getting into the ECB or BoJ we will show how the Federal Reserve
is quiet capable of causing global monetary problems without any assistance.
How does what China has done with their currency compare to the Federal
Reserve growing their balance sheet by $4.5 trillion – yes $4,500,000,000,000 –
and handing it out around the world to a great many nations. This was
heralded as “saving the world”. What about all the QE – Quantitive Easing
(fancy way of saying money printing) and banks around the world receiving injections of American tax
dollars via the Federal Reserve, is that not the exact same thing that
China is being vilified for doing?
Below is a quick look at the number of corporations that received bail out
(tax payer) dollars, how much they received, how much they have paid back as
of July 2018 and total revenues generated
979
Recipients
$627B
Total disbursement
$390B
Total returned
$323B
Total revenues from dividends, interest, and other fees
$86.1B
Total net to date Source
It’s made to sound like some printing press is having paper shoved into it
and physically printing a bunch of currency!! How much currency do you have
in your wallet/purse right this minute? Exactly – but yet this image is
painted that simply doesn’t exist and besides that since when does printing
currency for seven nations even come close to the volume of nations that are
FORCED to receive Federal Reserve Note, U.S. dollars or the volume of nations
that you and I – American tax payers – bailed out during the financial rape
in 2008? Seriously?!
Just another propaganda hit piece brought to you by the friendly folks at
the globalist corporate media outlet. The sad thing about it is the average
reader will read this nonsense, get upset at China and never even think about
how badly a financial screwing they are taking as they read what was
published about China.
