The worldwide currency debasement war has now entered a new and more deadly phase. Central banks have escalated the combat plan to bring about the worlds weakest currency for their individual countries. On the heels of the Federal Reserve and European Central Banks promises of unlimited counterfeiting forever, the Bank of Japan announced last week that it would expand its purchase of Japanese Government Bonds (and other assets including equities) by 10 trillion Yen. This brings the latest round of BOJ intervention to a total of 80 trillion Yen!
The sad fact is that the developed worlds central banks are in a desperate battle of one-upmanship. The ill-founded goal is to wreck their currencys value in relationship to other fiat currencies in order to boost manufacturing and stimulate economic growth. But once again these central bankers have their economics backwards.
Global Currency Wars In Full Escalation | StratRisks (
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And the ugly reality is, currency wars can escalate into shooting wars very quickly.