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Financial Armageddon? Currency Wars Often Lead To Trade Wars… Which In Turn Can Devolve Into Hot Wars… Max Keiser: “We’re There.. We’re In World War III!”
According to numerous high-level insiders, the global currency war is accelerating:
- Current Bundesbank president Jens Weidmann
- St. Louis Federal Reserve Bank president James Bullard
- Philadelphia Federal Reserve Bank president Charles Plosser
- Outgoing Bank of England chief Mervyn King
- Russian Central Banker Alexei Ulyakeyev
- European Central Bank board member Benoit Coeure
- Reserve Bank of Australia Governor Glenn Stevens
- Brazil’s finance minister Guido Mantega
- German chancellor Angela Merkel
- Billionaire investor George Soros
And Japan’s escalation of the currency war has caused leaders in the Eurozone (more), Norway, Sweden, South Korea, Taiwan, Columbia, Mexico, Peru, Chile, Venezuela and many other regions to consider further devaluing their currencies. China may be joining as well. (And James Rickard and Reggie Middleton think that Germany’s demand for its gold is part of the currency war.)
We’ve been in a global currency war for years.
As the Wall Street Journal asked in 2010:
Beggar-thy-neighbor currency devaluations proved ruinous for the global economy in the 1930s. Is the world setting off down the same slippery slope again?
Yes, we are.…
Venezuela fires 1st nuke in currency war ….DEVALUES CURRENCY 47%
Max Keiser: “We’re there.. We’re in World War III!”
Read more at http://investmentwatchblog.com
