FROM THE INCREDIBLE ELAINE MEINEL STUPKIS OF CULTUREOFLIFENEWS.COM

EXCERPT: Culture of Life News--Money Matters here! This sort of 'analysis' (see entire article) is typical of chart watchers who don't understand the business of the floating currency system launched by the mighty USA empire back when Nixon killed the gold peg. The USA had virtually no trade deficit back then but the dollar was artificially high against the DM and yen. Already, a flood of exports from these two rising industrial giants were flooding into the US. Other central banks like France were raiding Fort Knox and the gold reserves there were drawn down by 74%. Since the floating currency began, all trade rivals have sought to create advantages vis a vis the dollar. Their tactics shift as the US whines and complains. From the Bretton Woods II Accords through the Plaza Accords and the Louver Agreements, the US has sought to weaken the dollar and demands 'free trade' where by Fortress Japan and Germany both buy more US goods. After each of these artificial agreements, the status quo is re-started which is for all trade allies to flood the US with exports. Each cycle, the number of nations that figure out how to game this floating currency system increases. Now, the US is besieged by the entire planet. They figured out how to use their FOREX systems to weaken their currencies vis a vis the dollar artificially. They know how to bribe US trade and government officials so they undermine America and boost alien nations. The US Presidents from Reagan to the Bush clan have been in the hands of Asian financiers, openly taking bribes, openly doing business with trade rivals who constitute most of our trade deficit. The Bush clan, and there are many of them, operate in China to an astonishing extent, for example. The recent rise in dollar value was FAKE. It was engineered by a very frightened Europe which is seeing a big recession unfolding due to the euro being too strong. They can't drop interest rates to Japanese levels....YET....but they are now using the other tools to buy and hold dollars. FOR COMPLETE ARTICLE GO TO: http://elainemeinelsupkis.typepad.com/ezmoneymatters/2008/08/the-nature-of-p.html