Yellen is also trying to destroy Japan. Japan's efforts
to prop up the Yen by buying Yen using billions of US$ reserves is
making Yellen unhappy and criticizing the Japanese move.
Buying
Yen with US$ by Japan is moving more US$ into the USA to stoke up
inflation and makes it more difficult for any rate cuts by the FED.
Already the talk of rate cuts by the FED had been going on for 18
months, with no way of moving ahead with inflation rising.
With
BRICS countries doing more trade outside the US$, the demand for US$ is
not moving fast enough for the USA to export its inflation. The USA is
printing toilet papers like no tomorrow, and if such toilet papers
remain largely in the USA, it is a very big problem for inflation to
ease for any rate cuts by the FED.
Does the saying that being an
enemy of the USA is dangerous, while being its friend is fatal sound
familiar? USA's interest is more important than friends. Friends are
just collateral damage, to be sacrificed in times of need.
Anonymous