The US has angered Germany with delays of German gold repatriation, and alleged spying of Germany's leaders, including Prime Minister Angela Merkel. The US has also angered France by targeting PNB Paribas for banker misdeeds. And they continue to prosecute London banks, deservedly so.
Meanwhile, sovereign trading partners are ignoring US and NATO-led trade sanctions against Russia and China. Apparently, Europe values their energy sources more than any outdated traditional alliances with US exceptionalism
In this current cycle of punishing miscreant bankers, US regulators curiously are not indicting US bankers for manipulation of markets. This will only add to the antagonism US allies have toward America. The emperor not only has no clothes, but it is running out of friends.
http://www.zerohedge.com/news/2014-07-13/us-offers-immunity-junior-fx-manipulators-exchange-ratting-out-their-seniors
Sunday, July 13, 2014
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