- The US suspects (rightly so) that China is doing what it can to keep the Yuan weak
- China suspects (also rightly so) that the US will add more QE thereby debasing the US financial assets that China holds as well as weakening the USD
- Japan suspects that China is buying Yen and Japanese financial assets in order to keep the CNY/JPY exchange rate at favourable levels
- Everyone in Europe suspects everyone else is ‘dodgying’ the books
In the immortal words of Yahoo Serious; “if you can’t trust the Governments of the world, who can you trust?”