Friday, November 12, 2010

Devaluation: It’s not just for dollars any more

I guess Big Guy’s economic plan for the world to continue spending it’s way to prosperity didn’t sell any better on the world court then it did on the home court.

It looks like BO is coming home without an agreement after all. Not even with South Korea, which has upset groups as diverse as the U.S. Chamber of Commerce and the UAW. Additionally, China is brazenly ignoring his pleas to devalue the Yuan, even though we – in the spirit of bi-partisanship – went ahead and devalued our Dollar.

Seriously, if you can’t get a free-trade agreement with your BFF, who can you get a free-trade agreement with? I mean, South Korea? Proud manufacturing capital of Nikes? South K is now more capitalist than the former capital of capitalism, and we can’t even get them to agree with us?


This is not good for Big Guy’s ego.

kim yook-ok Lee Myung-bak and wife Kim Yook-ok, pushing Big Guy around

First he get’s shellacked at home, and now over seas. Need I mention, we are not accustomed to this type of treatment? 

what's on your iPodGo to your private place, where all is calm and good

Well, except from China, Russia, North Korea, Cuba, Venezuela, Brazil and Iran. Ingrates. After all we’ve done for them!  Even Angie b***h-slapped him around a little in private, before posing for photo-ops.

angie 2

So, it looks like we’re coming home empty handed again. An un-named senior U.S. official bluntly explained Big Guy’s failure to dictate hard policy: "You've got to live in the real world. [ed. as opposed to what, Obama-Land?] This is the world of sovereign states. There is no country that is going to be willing to cede sovereignty over its economic policy to a committee."

Apparently our “official” is unaware of the European Union? And a little too wet behind the ears to remember the real world of the latter half of the 20th century?

ronnie BW Ronnie, at the Berlin Wall: living in the real world

Anyway, now the Market Oracle is forecasting “monster reversals in stocks, commodities and the U.S. dollar.” So I guess BO’s work is done.

Oh yeah, Lady M and I are back at the Big White after flippin’ steaks at the brave soldiers in Germany in honor of Veteran’s Day.


She’s still torqued off about that Mooslim treatment in Indonesia, but a few more half gallons of Hagen-daz and Grey Goose and I’m sure she’ll be back to normal.


Lady M hates being upstaged, especially by cute blondes

bettina Wulff Really!

Big Guy’s on to Japan. Two words: no bowing.

 no, no don't bow  “May I pour you a little water, sir”