In case you were in any doubt the Guardian is mouthpiece of the establishment, an organ to further government policy, here is a comparison of two articles the Guardian wrote regarding the devaluation of currencies.
Devaluation is good (if the EU/ECB does it)
This is just one of the highlights of the article
The ECB boss, Mario Draghi, needed a low-value euro after ….. And it worked,…….As soon as he started pumping €60bn (£45bn) a month into the eurozone economy, the value of the euro tumbled and exports grew. The latest figures, showing the recovery remains on track, are almost solely the result of the weak euro boosting Italian, Spanish and French exports.
Now the value of the yen is climbing as China devalues. American multinationals are lobbying Congress to complain about the high value of the dollar and British business groups argue that the UK’s recovery is cooling as a result of the high pound against the euro.
You can read the article in full here https://www.theguardian.com/business/2016/jan/06/denials-and-devaluation-as-chinas-currency-tumbles-to-five-year-low
Devaluation is bad (if it suits anti-UK agenda)
Measured against other currencies, sterling enjoyed its best fortnight since 2008. It remains well below pre-referendum levels, but on Friday managed to push above $1.26 for the first time since early October. That will soothe concerns over a weak currency pushing up import costs and stoking inflation.
You can read the full article here https://www.theguardian.com/business/2016/nov/11/pound-trump-euro-brexit-sterling
The Guardian calls for currency devaluation!
Perhaps the most bizarre part of this example is that The Guardian said
” UK authorities have refused to act. But they may need to do something if manufacturing is to be saved.”
And yet since the #Brexit vote The Guardian has been saying the pound devaluation is a catastrophe.
The Guardian bias
In case you hadn’t noticed, the Guardian had an overriding agenda which moulds the news stories you see in its pages.
In the case of #Brexit, The Guardian is pro-EU, and all stories related to the #Brexit are spun negatively and with a degree of hysteria.
Highlighting what The Guardian says about currency devaluation is an easy way to expose it’s duplicity.
If the ECB devalues the Euro, that is a good thing to stimulate growth
If the pound is devalued, that is a bad thing for growth
Which is it?