Tuesday, February 12, 2013
Currency wars begin, big time.
Well, who was talking about the Euro devaluing? Obviously, this conversation is being had. He is German, but clearly, Germany has most to gain from a devaluation, so he is likely playing possum. German exports would benefit and, Greek, etc. debt would be diminished, reducing Germany's obligations, reducing public resistance to the Euro. Yesterday, Venezuela massively devalued, and this week Argentina banned advertising in newspapers to cripple newspapers critical of the government, they are preparing to devalue also. So we enter a race to the bottom. Meanwhile, tensions are hotting up between China and Japan, against USA & Isreal vs Russia, Iran and Syria. What folk do not understand is, that just like in the 1930's, they are preparing for WWIII to distract from their plunder.