MicroGroks
We warned you previously of the danger of global currency wars, and that the trouble could come in two major flavors: Competitive devaluation, most recently in the form of massive printing by the Bank of Japan. Nations moving away from Dollars as their reserve/trading currency. We told you about the gold purchases and repatriation by …
Domestic Currency Wars?? Texas Wants Its Gold Back! Read More »
We’ve been warning for some time of currency wars (competitive devaluation), which is the 21st century equivalent of the 1930s “beggar thy neighbor” tariff policies. Late last year, when campaigning for election as Prime Minister, Shinzo Abe made it very clear that deflation was his fear, and reflation was his plan, not to mention the …
We already know that the Euro is pretty much held up by Leprechauns and rainbows, but what’s holding the Dollar up? Thanks to currency wars, which the G20 swore off for just long enough to hold their news conference in February, the aggressive printing of Euros and Yen are driving investors toward Dollar investments, even …
Pushing On A String – Dollar Without Visible Means Of Support Read More »
Updated and bumped: Less than 24 hours after we brought you this warning, we read that The world’s biggest banks are begging the leaders of the G20 nations to avoid a currency war. From The Blaze: The world’s biggest banks on Monday begged the Group of 20 economic powers to work together to avoid a …
The Spiral Begins – Competitive Devaluation, AKA Currency Wars Read More »
It can’t happen here; We’re too big (to fail?); The whole world wants Dollars; We could never become The Weimar Republic/ Zimbabwe/ Greece/ 1960s Britain… After all, OUR financial wizards are too smart to let that happen! Not so much! Just because Ron Paul has been telling us for a long time that the Federal …
Exorbitant Privilege vs Pushing On A String: The Decline Of The Dollar Read More »
