The currency wars have begun, and the implications to world stability and wealth could not be more profound. Fortunately, all of my long-time enrolled members are prepared for this outcome, which we’ve been predicting here for some time.
When pressed, the most predictable decision in all of history is to print, print, print. So I can’t take credit for a ‘prediction’ that was just slightly bolder than ‘predicting’ which way a dropped anvil will travel; down or up?
The only problem is, widespread currency debasements will further destabilize an already rickety global financial system where tens of trillions of fiat dollars flow daily on the currency exchanges.
Here’s a recent sampling of news items demonstrating the fever pitch that is being built:
Brazil in ‘currency war’ alert
An “international currency war” has broken out, according to Guido Mantega, Brazil’s finance minister, as governments around the globe compete to lower their exchange rates to boost competitiveness.
Mr Mantega’s comments in São Paulo on Monday follow a series of recent interventions by central banks, in Japan, South Korea and Taiwan in an effort to make their currencies cheaper. China, an export powerhouse, has continued to suppress the value of the renminbi, in spite of pressure from the US to allow it to rise, while officials from countries ranging from Singapore to Colombia have issued warnings over the strength of their currencies.
Bank of Korea reportedly intervenes to curb won
TOKYO (MarketWatch) — South Korean authorities bought dollars Monday to curb the won’s rise to a four-month highs, according to reports citing foreign-exchange traders.
by sagerxx 
