SNB & BOJ Intervention To Weaken SFR and JPY!
- The Swiss National Bank and Bank of Japan are conducting operations to weaken their currencies massively. Both central banks are feeling the negative impacts of their strong currencies on their economies. The era of competitive devaluation is here. No fiat curreny is safe. When the USD dives much lower it affects every single country.
– - In Asia, all eyes are on the Chinese RMB. If the Chinese allows a sudden and steep appreciation of the RMB against the USD, it will crater their economy and raise unemployment. Think about the tens of millions of Chinese peasants earning slave wages who will be out of work. It is a recipe for social unrest and violence. The Chinese will only allow the RMB to appreciate so much. Thereafter they will hold the forex line ie: follow the USD down in competitive devaluation. This will affect the rest of Asia. An even weaker RMB will drive jobs into China and cause economic stagnation in the rest of Asia. In the end, all fiat currencies will go down the toilet bowl via competitive devaluations! Got gold yet?


end