Currency Intervention Can be Praised Is a Ugly Lie

http://www.bbc.co.uk/news/business-11311802

The author of this news article indicated his opinion very clearly in the title , currency intervention is right , and has been successful so far.

"Plaza Accord" was the start of disasters of Japanese Economy.

It disgusted me. Dear liar, are your serving for the US presidents and the evil new liberal economists? How much money they paid you? As someone writing for BBC News, don't you think you need to publish something at least looked like the facts instead of telling the bullshit?

Poor Yen, you were the first victim.

Globalization, so far, is institutional enmeshment rather than economic transactions or the reconfiguration,  of social space that has most constrained the state. On this view, states are increasingly rule-takers over a vast array of rules, laws and norms that are promulgated internationally but which affect almost every aspect of how they organize their societies domestically . And of course, many states lost their rights  in deciding the currency.

Then, who can decide everything? Yes, the Americans and their followers.

The current global governance are full of U.S hegemony. The most typical example of currency intervention is "Plaza Accord" in 1986, which changed everything in Asian economy and was the true reason for the bubbles which has lasted more than 20 years in Japanese economy.

With looking at the sub titles, I saw that the author analysed all parts of the world, how the currency intervention was necessary for more balanced competition between nations and  brought benefits to the people.

You westerners are jealous with our, the developing countries', rise. That's all.

I had studied political economy for years and I have never heard about that currency intervention can be good. Everyone who has little common sense in this area knows that currency intervention is totally robbery.

Dear journalist,  the readers are not idiots. Shame on you.