Courtesy of Sentinel, Et-Al.
Did Trump Surrender to Deep State or is this a Civil War?
Source: Miles Franklin, by Andrew Hoffman
…it’s only a matter of time before the aforementioned full-scale currency war goes global; and when we say a ‘matter of time,’ we mean NOW; possibly, starting with this month’s APEC, BRICS, and G-20 meetings.
Apparently, NOW couldn’t have come sooner – as just after we published that comment, Shinzo Abe addressed last week’s Bank of Japan “kamikaze attack” on the Yen by lying to the entire world. To wit, when questioned at the aforementioned APEC or Asia-Pacific Economic Co-operation summit, he claimed “Japan abides by the agreement of G7 and G20 nations that currency rates ought to be determined by markets.”
In other words, Abenomics and its new-born twin brother, “Abenomics II” are not targeting yen depreciation, despite countless comments to the contrary; including his own in December 2012 – just after being elected Prime Minister, and four months prior to Abenomics implementation…
Central banks around the world are printing money, supporting their economies and increasing exports. America is the primary example.
If it goes on like this, the yen will inevitably strengthen. It’s vital to resist this.
–The Wall Street Journal, December 23, 2012
Well, I guess “resisting upward movement” isn’t the same as “targeting downward movement,” but only if one’s a semantics lawyer – and the F. Lee Bailey of semantics lawyers at that. To that end, I wonder what good old F. Lee would have to say about the Abenomics policy goals described by Wikipedia; i.e., “correction of the excessive yen appreciation.” Or, for that matter, the Yen’s 35% collapse since Abenomics was proposed two years ago.
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There is a civil war going inside the White House. There is the Steve Bannon clash with the president’s son-in-law, Jared Kushner, who’s taken on an increasingly prominent portfolio in the West Wing. Bannon has complained that Kushner and his allies are trying to undermine his populist approach and institutionalize Trump. I was concerned about this possibility because it was Kushner who brought in Goldman Sachs.
But this is going deeper. The people Trump has installed are being circumvented by the bureaucracy. Trump’s campaign staffers are at war against the establishment GOP types embedded within federal agencies. Some of Trump’s people are being targeted with potential career-destroying leaks. Trump’s attack on Syria was to placate the neo-cons. But the intel on the claimed chemical attack is bogus and questionable to say the least. This raises the question: Will the intelligence community protect the country or sabotage Trump to save their own budgets?
This civil war taking place inside Washington is to be expected. The corruption in the swamp is so embedded, I remain skeptical if anyone can really drain it. If Trump cannot deliver the tax cuts and soon, then you know that the other side is winning the war.