Other posts at BattleForWorld website:

---

RT - Keiser Report: ‘Mnuchin Massacre’ (E1184) - February 3, 2018: The ‘Mnuchin massacre’ and one-way bets on the dollar are among the topics for Max and Stacy in this episode. In the second half, Max interviews Nomi Prins, author of the soon-to-be-released book, ‘COLLUSION: How Central Bankers Rigged the World’. They also discuss the current market situation and how a new Fed chairman may approach a crash.

Partial transcript by BattleForWorld from Keiser Report (Episode 1184):

Max: This is the policy around the world – beggar thy neighbor, by trying to drive your currency lower to help your exports and to grab global market share. And China has been a king of this for a long time, so this is Trump taking on China directly saying, oh yeah, you think they Yuan is cheap, we (the United States) are going to make the US dollar even cheaper, so it makes the Yuan even higher, in value vs dollar, which makes it more difficult for them to export their way into global domination.

So now, currency war is venturing into a new phase. And Donald Trump obviously has a lot more understanding on how to fight this currency war more than anyone coming before him. Barack Obama was really a novice coming into office knew nothing about finance. He was finance illiterate as he proved over and over again. At least Trump knows the rules of the game, but whether he’s successful or not we will see.

…And…first the question is, is the lower dollar the result of policy initiative or, is the lower dollar an inevitability of policy failure? And now the policymakers are now saying it’s our policy for a lower dollar.

I do not think it makes any difference whether Steven Mnuchin or whomever else describes the dollar as their policy going lower. The dollar was going to go lower anyway, because the world is getting away from the US dollar as world reserve currency. The one road one belt policy linking up Russia and China is out of the dollar. And everyone want to trade oil away from the dollar and countries are desperate to get out of the US dollar, and so the dollar is going to lose value no matter what anybody says.

Here’s the US Treasure Secretary (Steven Mnuchin) merely trying to make it look that’s our policy for a lower dollar; it doesn’t even matter what he says, the dollar is going lower as we have been saying for a number of years, because US DOLLAR IS A CURRENCY THAT OTHER COUNTRIES RECOGNIZE AS FUNDING THE WARS, THE WEAPONS AND THE POVERTY THAT THEY ARE TRYING TO ESCAPE.

Stacy: Steven Mnuchin standing in front of the world’s reporters and saying that the dollar, his policy as treasure secretary, the guy who signs the dollar bills, the new dollar bills, says he wants it to go lower according to this headline here (at cnbc.com), they said that: “They basically open this up as a one-way bet for traders, and traders will keep pushing it and keep pushing it,” said one strategist. AND THERE IS A POSSIBILITY THAT IT COULD BECOME A SPIRAL THAT GETS OUT OF CONTROL. But luckily we did hear on Keiser Report telling you a few weeks ago to load back up on gold, because of course we are going to get into that in the next headline why gold has obviously done very well against the dollar, as the dollar as been tanking in the opening weeks of 2018… (BATTLEFORWORLD: Russian economist Dr. Koryagina forecasts the panicking of the stock market [stocks and bonds] until it finally tanks into the big worldwide crash. In the Keiser Report dialogue transcript main points are emphasized, and the conclusion is that they are going to panic the dollar until it crashes totally.)

END

---