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2tuff
22-02-2007, 05:14 AM
A Moment Of Truth Has Arrived

EIR News Service
2-21-7


Two major events, both taking place this week, underscore the fact that the Anglo-Dutch oligarchy, centered in the City of London, is arrived at a moment of truth that could determine, in the immediate hours and days ahead, whether the planet is plunged into a civilizational dark age. Very few people and institutions around the world have the faintest idea that this is happening, and among those who would pose an alternative to this potential true global tragedy.

The events themselves, that signal this moment of truth, are the following:

First, we have the arrival in the Sea of Oman this week of the USS Stennis-led second US Navy carrier group. This means that the naval assets are in place in the Persian Gulf region to orchestrate a premeditated "accidental" confrontation between the US and Iran, which could trigger a full-scale American pre-emptive attack on Iran. In the past 24 hours, BBC has aired an exclusive expose of new US war plans, that would target the entire military infrastructure of Iran for a massive bombing campaign--not just limited strikes against a few purported secret nuclear weapons installations. This event is occurring as both Vice President Dick Cheney and President George Bush are on long-scheduled overseas trips.

Second, we have the meeting this week of the Bank of Japan, where the decision will be made whether or not to abandon the yen carry trade, by raising interest rates. If a rate hike occurs, this will trigger a blow-out of the entire dollar-based global financial system.LaRouche has emphasized the entire global financial system is under the top-down control of Anglo-Dutch financiers centered in London. They run the system through the yen carry trade, and through the related emission of floods of US dollars through the Fed's printing press. The US government no longer reports M3 money supply data because they are willfully covering up this element of the one, global hyperinflationary bubble. The yen carry trade and the M3 pump priming are run out of the City of London, and they are all part of the biggest John Law financial bubble in history.

Now, with the Persian Gulf deployment and the Bank of Japan interest rate decision both on the table at the same moment, we are seeing manifestations--shadows on the cave wall--of a faction fight between two rival factions within the Anglo-Dutch financial oligarchy, otherwise known as the Club of the Isles. There is one faction that is out to permanently destroy the United States now--once and for all. They are ready to pull the plug on the whole system, to bring down theUnited States and the entire nation-state system at this moment. They want the sudden-death destruction of the United States. The other, rival faction, wants a more managed process of destruction. They want to bleed the United States to death more slowly. The goal of the two factions is identical. Their approach differs.

Full Article here; LINK (http://z13.invisionfree.com/THE_UNHIVED_MIND/index.php?showtopic=21492)

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Japan ups interest rates to 0.5%

Wednesday, 21 February 2007, 08:07 GMT


Japan's central bank has raised interest rates to 0.5% following signs of steady growth in the economy.

It said the decision - only its second interest rate rise in more than six years - had been made because Japan's recovery was likely to continue.

Worries about the US and other overseas economies had also diminished, it said.

In July last year, the bank raised the rate to 0.25% following six years of zero interest rates designed to help the economy recover.

Rate pause?

The bank's nine-member monetary policy board voted 8-1 in favour of the latest rise, but said future rises would be made only gradually.

In a statement following the decision, the central bank reiterated that it planned to adjust interest rates gradually.

Many economists now think that another rate rise will not come for at least another six months.

Full Article here; LINK (http://z13.invisionfree.com/THE_UNHIVED_MIND/index.php?showtopic=21492) or LINK (http://news.bbc.co.uk/1/hi/business/6381335.stm)



Remember folks that all central banks are controlled by the BANK OF INTERNATIONAL SETTLEMENTS in the SMOM's Switzerland -2tuff

2tuff
25-02-2007, 02:40 AM
Yen Posts Biggest Weekly Decline Since 2005 Versus Euro on BOJ

By Min Zeng and Ye Xie


Feb. 23 (Bloomberg) -- The yen had its biggest weekly drop against the euro since September 2005 as the Bank of Japan signaled it will maintain the lowest interest rate among major economies of 0.5 percent.

Japan's currency fell to a record low versus the euro this week when it declined against the dollar, British pound and South African rand after central bank Governor Toshihiko Fukui reiterated in parliament his board will keep rates low for some time. Investors are borrowing yen to buy higher-yielding assets in so-called carry trades.

``The yen will stay under pressure,'' said Mike Moran, senior currency strategist at Standard Chartered Bank in New York. ``Rates in Japan will stay at where they are now in the next three to six months. The carry trade will carry on.''

The yen fell 1.5 percent this week to 159.35 per euro at 4:12 p.m. in New York, and reached an all-time low of 159.65, from 156.89 on Feb. 16. It was the biggest loss since a 1.6 percent decline for the week ended Sept. 2, 2005.

The Japanese currency also declined 1.3 percent, the most since the week ended Jan. 12, to 121 per dollar, from 119.43 at the end of last week. The yen weakened 2 percent against the pound, 2.6 percent versus the New Zealand dollar and 2 percent against the Australian currency this week.

Japan's yen is the worst performer compared with 16 most- active currencies in the past three months, dropping 3.9 percent against the dollar and 5.5 percent versus the euro.

Dollar Declines

The dollar snapped its five-day rally against the yen and erased earlier advances versus the euro today after losses in subprime mortgage bonds fueled demand for U.S. Treasuries, pushing the benchmark 10-year note's yield to a six-week low.

``There is chatter in the U.S. Treasury market that safe haven flows are coming in from the subprime sector,'' said Shaun Osborne, chief currency strategist at TD Securities Inc. in Toronto. ``Narrowing yield differential is running against the dollar. It makes dollar assets less appealing.''

An index of credit-default swaps on 20 subprime mortgage bonds with the lowest investment-grade ratings sold in the second half of last year dropped to a record low for a sixth straight day, as companies that lend to the riskiest borrowers have reported losses.

Yield Gap

The yield advantage of U.S. Treasury 10-year notes over similar-maturity Japanese government debt shrank to 2.99 percentage points, from 3.06 percentage points yesterday.

The euro rose to $1.3167 from $1.3126 yesterday, after earlier declining to as low as $1.3102. The U.S. currency weakened to $1.9634 per pound from $1.9564.

Futures traders raised their bets that the euro will gain against the U.S. dollar to a record high, according to figures from the Washington-based Commodity Futures Trading Commission.

The difference in the number of wagers by hedge funds and other large speculators on an advance in the euro compared with those on a drop -- so-called net longs -- rose about 19 percent to 99,326 on Feb. 20 from 83,795 a week earlier.

The dollar's decline against the euro and yen today accelerated after it breached $1.3150 versus the European currency and 121.25 yen. Investors had placed preset stop-loss orders to sell the dollar, said Brian Dolan, research director at Forex.com, a unit of online currency trading firm Gain Capital in Bedminster, New Jersey.

FULL ARTICLE:
LINK (http://z13.invisionfree.com/THE_UNHIVED_MIND/index.php?showtopic=21492) or LINK (http://www.bloomberg.com/apps/news?pid=20601101&sid=aLpoO4T9maes&refer=japan)