My Dear Friends,
As I depart I would ask you to review the three illustrations done in a continuing effort to communicate to you the why of Currency Induced Cost Push Inflation.
Following this I am posting a note from Eric and theAustralian.com on currency market potential. Something also to consider is the fact that John at Shadow Stats sees the Currency Induced Cost Push Inflation happening in 6 to 9 months.
When it comes my friends, it will come with lightning speed.
Regards,
Jim
Currency wars set to break out as volatility grows
CIGA Eric
The global economic battle which ignores the calendar is omnipresent. The race to the bottom in fiat, or battle to own the weakest currency while still being able to issue debt is not a new trend. Beggar thy neighbor was used to describe policies where one country benefited at the expense of another. The use of tariff or quotas on imports or currency devaluation used to improve the trade account of one nation at the expense of another was common in the Great Depression. The policy practice can be seen growing in popularity today as the pace of global growth slows.
GET set for an outbreak of currency wars with the potential to shake global confidence as markets move towards the volatile October period.
Source: theaustralian.com.au
Contributed by Bob