Poor old Pres. Obama is getting it hard and deep these days. Apparently, not only did President Hu give him a true Oriental shiv on the matter of currencies but the WSJ doubled down by reporting his failure to get the Chinese to do what he wanted with barely concealed glee. All this G-20 stuff seems to me the most transparent nonsense: I suppose the participants get to feel big and get some good meals, but, really, was all that fossil-fuel burning really necessary? Any time these assorted Big Birds wanted to get honest they could do so by detaching from the world banking system, returning the issue of their currencies to the various nations' governments, and jailing some bankers. This would be cold turkey indeed. But it would at least put an honest platform under every nation and then the world could begin to sort out strong from weak nations. etc. I do not mean militarily strong; the USA is clearly the strongest militarily, but when has that done us any real good? We are viewed by all the world as a rogue nation armed to the teeth, with everyone eager to see us somehow humiliated. And our banker-rulers are overjoyed to help that along any way they can.
I realize this will seem a crazy posting to nearly everybody, but once in a while it's a pleasure to write what one thinks.
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