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FSN: Currency War is Hell on Emerging Markets
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Commentary: No winners as Japan’s yen moves risk retaliation
by Satyajit Das
Market Watch
SYDNEY (MarketWatch) — Japan’s bond buying has opened a new front in the global currency wars.
Nations that constitute around 70% of world economic output are “at war,” pursuing policies which cause devaluation and currency debasement to different degrees. The U.S., U.K. and Switzerland are already enjoined, with Europe likely to take up arms shortly.
But currency conflicts are merely skirmishes in the broader economic wars between nations. In a shift to economic isolationism, all countries want to maximize their share of limited economic growth and place the burden of financial adjustment onto others.
Continue Reading at MarketWatch.com…
2013-04-11 07:32:10
Source: http://silveristhenew.com/2013/04/11/currency-war-is-hell-on-emerging-markets/
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