The Final Currency War

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Published : January 30th, 2013
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Category : Crisis Watch

Read the Friday Morning Wrap-Up for 1/25/2013 and the Monday Morning Commentary for 1/28/2013

When most people hear the term “currency war,” they either dismiss it; or have not a clue what it means.  That’s a shame, as this deleterious process is the modus operandi of fiat currency regimes.  Moreover, now that – for the first time in HISTORY – all nations utilize fiat “money,” currency wars are as ubiquitous as government “can-kicking.”

The premise of “currency war” is simple.  In debasing one’s currency the fastest, governments seek to make investment and spending cheaper for foreigners; and thus, to increase manufacturing and consumer sales market share.

For example, when the Japanese government PRINTS MONEY to make the Yen more “competitive” against the dollar and Euro; it is simply saying it wants Toyotas to be cheaper than Fords or BMWs.  Hence, more corporate revenues, government tax receipts, and private jobs.

The fact that said “profits” have severely diminished purchasing power is immaterial to Japanese politicians – who simply want VOTES; and the Bank of Japan, which profits from the artificial “carry trade” generated by Yen devaluation…

You Wanted Inflation, You Got It: Japanese Gasoline Price Rises To Eight Month High

Thus, it shouldn’t surprise you that, amidst an expanding Japanese DEPRESSION – characterized by “DEMOGRAPHIC HELL,” nuclear fallout, and – most importantly to said politicians – declining market share

Japan’s Exports plunge, Trade Deficit widens

…the nation elected a gung-ho money printer; to authorize “extraordinary measures”…

Bank of Japan Announces Open Ended Direct Monetization

…which in turn, have smashed the Yen by an astonishing 15% in three months

…boosting Yen-priced gold to an ALL-TIME HIGH…

Of course, the REST OF THE WORLD was not happy about this; as they, too, want to increase their respective market shares with cheap currency; a policy known as “bugger thy neighbor”…

Beggar Thy Currency Or Thy Self?

Particularly, the Europeans are stark raving mad; as cumulatively, their economy is the WORLD’S WORST – getting worse each day…

Unemployment in the euro zone at record 18.2 million

…prompting the Germans to immediately warn of imminent Euro “devaluation”…

German Bundesbank warns Japan on Currency War

…with the British right on their heels…

Please Welcome UK to the Global Currency Wars

…and no doubt, the Swiss in tow…

Markets stunned as Swiss peg franc to euro

Of course, NO ONE’s financial situation is more precarious than the United States of Artificial Living Standards; which is why “Helicopter Ben” recently fired not one shot in the GLOBAL currency wars…

Ben Bernanke Announces QE3, Fed’s Third Attempt to Stimulate Economy – September 2012

…but two

QE4 Is Here: Bernanke Delivers $85B-A-Month – December 2012

Ultimately, the GLOBAL FIAT PONZI SCHEME will implode upon itself…

Global unemployment to hit record high in 2013, warns ILO

…as have ALL others; although no one knows EXACTLY how long it will take..

Research Shows ALL Paper Money Systems Failed

However, now that GLOBAL debt incurrence has graduated from arithmetic and geometric growth – to the rarified air of parabolic; my guess is “THE FINAL CURRENCY WAR” is upon us.

 PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.

 

Data and Statistics for these countries : Japan | All
Gold and Silver Prices for these countries : Japan | All
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Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
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