Loading ...
“Currency Wars, Trade Wars, World Wars……”
Gerald Celente
Brazilian Finance Minister Mantega has just blasted the Fed’s QE3 policy for setting off “Currency Wars”.
What he means by this is: The Fed has prompted every country to attempt to weaken the value of their currencies in order to boost exports.
The reason Mantega is furious about this is that he believes it dangerously boosts inflation, especially in emerging markets like his, Brazil.
He’s made this charge before: In August 2010, the last time the Fed started to embark on QE, he blasted it for setting around a series of central banks weakening their currencies to boost exports.
We predicted two days ago, that with the Fed, the ECB, and the Bank of Japan all announcing easing within days of each other, that the term would soon be back.
We recently made a video explaining what the concept means.
Produced by Daniel Goodman
Individual IRS Employees Targeted for Conservative Group’s Lawsuit’s
Government of the Politicians, by the Military, for the Corporations
Japanese Lab Reports Radiation Leak
Sweden Protests Continue, Spread Beyond Stockholm
40 Country GMO Protest Underway
U.S. Prison Population: 784% in 10 Years
Ann Coulter: America Has Too Many Latinos
GMO BT Corn Losing Bug Resistance
Representative DesJarlais gets Slap on Wrist for Sexual Misconduct With Patients
Judge Sentenced to 28yrs for Selling Kids to Prison System
759 Bridges in Washington State Have a Lower Score Than the One that Collapsed
Iran Seeks to Speed up Nuke Development
NASA and Google Team up on Quantum Computing
U.S. Senate Declares Support for Israeli Attack on Iran
Bronx Residents Outraged Over “Ghetto Tours”
Expert Report Recommends Decriminalizing all Drugs
Stockholm Seeing Worst Riots in Years
Israel: Be Prepared for a Surprise War
Plus, this will inflate all emerging markets due to the trade deficits.