Funny, the Mass Media Isn't Calling Them Out On This

Helen Keller Lives – and Apparently Is Running the U.S. Treasury!
This is a laugh! This is what Reuters said yesterday just after the U.S. Treasury report was released.
"The U.S. Treasury noted China's currency was 'undervalued,' but said it was 'unable to determine that China's exchange rate policy was carried out for the purpose of preventing effective balance of payments adjustment or gaining unfair competitive advantage in international trade.'"
What a joke! It’s not even a question whether or not China manipulates its currency. The issue is whether or not a revaluation of the yuan is good for the “global” economy.
U.S. policy is effectively about the “global” economy, not necessarily what’s good for the United States. Every country is “global” now. I think we can all understand. Mr. Paulson and Co. know it’s not time to rock the boat when there’s US$415 trillion of derivatives floating around in the market, predicated on low volatility and smooth sailing in the “global” economy.
We all must bow down to the “global” economy and bend over to the mantra of “free trade.” No matter that China restricts all kinds of access to Western goods and services --and counterfeits the heck out of those it lets in. It’s called “free trade.” Yes, I know it’s impolite to criticize China for they are all goodness and light in the eyes of the intelligentsia who are already well ensconced with real asset there and have many other major deals pending. After all, it’s about the “global” economy and “free trade.”
Is Helen Keller alive and well and running the U.S. Treasury a green light to sell yen? If China isn’t manipulating its currency, than any angst over the Japanese yen is completely unjustified. After all we know China builds massive reserves during its currency manipulation process. So much so that it has plenty left over to place with a key intelligentsia member named Blackstone, and maybe some others we don’t know about. There are no signs the Bank of Japan has entered the market for a very long time, and in reality, it hasn’t needed to.
We noticed the dollar/yen trading pair still held very firm in the forex markets last week despite massive market volatility. Did someone know then about Helen’s new role at Treasury? No…we’re sure nothing like that happens in this world where information flows freely -- almost as freely as trade flows out of China.