Japan to the U.S.: 'We Don't Want to Exclude You, But...' by David Goldman

Japan to the U.S.: 'We Don't Want to Exclude You, But...' by David Goldman

Gaming the collapse of the dollar reserve system remains a favorite pastime of forex and commodity traders. Japan's new prime minister Yukio Hatoyama is talking about an "Asian community." The Reuters dispatch cited below indicates Japan's dilemma. Japan doesn't want to "exclude" the US or the dollar from an Asian community or a new monetary arrangement, but the risk is that the failure of American policy on all fronts will force the rest of the world to do for self. That, as I wrote earlier this week, is why the gold price continues to rise... More »

Sep 16, 2009 • EWJ, UUP, UDN