Peter Schiff: Japan may "pump and dump" dollar

[Knightskye]

YouTube - Japan's unshakable confidence in the U.S. dollar, yeah right!

Peter says "pump and dump" means to talk up a stock to drive up its popularity and price, so you can sell yours for a higher price.

Think it'll happen, or was that just some arm-twisting by some administration official to get that quote?

[dannno]

http://www.ronpaulforums.com/showthread.php?t=195443


We're in a lot of trouble.

[HOLLYWOOD]

JAPAN needs a STRONG US dollar for THEIR EXPORT ECONOMY.

It's a CHARADE alright... Japan has intervened multiple times in the past year to prop up the garbage FRNs.

NOW THIS DISASTER: Japan current account drops 55%

http://news.bbc.co.uk/2/hi/business/8089477.stm

Japan's current account surplus declined in April for the fourteenth consecutive month.
The finance ministry said the April surplus dropped by 55% to 630.5bn yen ($6.4bn; £4bn) from the same month a year ago as exports declined sharply.
Japan's economy, which depends heavily on exports, has been hit hard by the global downturn. It shrank at its quickest pace since records began, as exports slumped during the first three months of 2009.


Japan's exports have been hit by a
collapse in demand

[heavenlyboy34]

It will be interesting to see what happens when this house of cards collapses on the NWO crowd.

[devil21]

Goddamn I love Peter's metaphors.

"The US strong dollar policy is like the Loch Ness Monster. No one has ever seen it but they like to talk about it."

[Texan4Life]

yeah I LOLed at

The US strong dollar policy is like the Loch Ness Monster

[Knightskye]

Goddamn I love Peter's metaphors.

"The US strong dollar policy is like the Loch Ness Monster. No one has ever seen it but they like to talk about it."

[sevin]

It will be interesting to see what happens when this house of cards collapses on the NWO crowd.

But what if this is what they want? Hyperinflation so they can introduce a one world currency?

[Knightskye]

But what if this is what they want? Hyperinflation so they can introduce a one world currency?

I don't think it would work, no matter how attractive it would seem at first.