Loading ...Does anybody remember me talking about the abrupt change of $1 = 360 Yen after the war, to make us want to import “discounted” goods from Japan? Well, here it is. Bottom line Banks are acting like a global gov’t that “taxes” one country with a strong currency, and “gives” the tax money to a different country.
Nothing is a coincidence. $1 to 360 yen is like a 360% tariff or tax on US goods going into japan, and or a 360% “discount” on anything we import from Japan. You won’t see this kind of info in todays media.
part:
Post-war Japanese yen
Wartime inflation saw the yen drop heavily and on April 25 1949, the US fixed the rate at ¥360 per $1 as part of a plan to stabilize the Japanese Economy through the Bretton Woods System. The exchanged rate stayed pegged at this level until 1971, when the US abandoned the gold standard.
By 1973 the yen had risen to ¥271 per $1, until the 1973 oil crisis hit. The increasing costs of imported oil meant that the yen depreciated to ¥300 by 1976, with the re-emergence of the trade seeing it rise back up to ¥211 in 1978, until the second oil shock in 1979 saw rates drop back to ¥227 by 1980.