Where The Fed's Excess Reserves Are Going: 51% Foreign Banks; 49% Domestic

This is further evidence the financial elite don't give a damn about the American citizen.  The American public has been duped for 100 years.  The Federal Reserve Bank is not a federal agency.  It is a private corporation with banks as shareholders, both European and U.S.

Any bank bail-outs or bail-ins from the Fed are banks saving themselves from collapse--on the backs of taxpayers and depositors.

http://www.zerohedge.com/news/2013-08-11/where-feds-excess-reserves-are-going-51-foreign-banks-49-domestic

Abenomics Update: Domestic Japanese Car Sales Plunge 15.8%

This is a concrete example of why currency wars are destructive.  Devaluation may temporarily boost exports, but they induce inflation of goods and services--including imports.  Tapped out consumers consume less, and go further into debt.

http://www.zerohedge.com/news/2013-07-01/abenomics-update-domestic-japanese-car-sales-plunge-158