- Has the global currency crisis started? We will know soon. Keep in mind the Illuminist plan: the progression (roughly) of the currency collapse is: the crash will start in 3rd world countries, emerging markets, Asia …. China … Japan … Euro(Europe) … and finally the last currency standing (and to fall) will be the USD. The Illuminati want to preserve their global monetary hegemony and want all currencies to collapse. Finally, they will collapse their world reserve currency USD before introducing the One World Currency backed by gold. Got physical gold/silver yet?
- Watch the USDJPY (hit 116.xx), the Japanese Yen is rising precipitously against the USD. The Yen carry trade is over. It is going to cause disaster to the trillions of dollars borrowed in Yen. A rising Yen causes massive (Yen) debts to default.
- Something Just Snapped: Currencies Crashing, Dow Dumped, Crude Carnage
by Tyler Durden, www.zerohegde.com
Update: Offshore Yuan is tumbling before the Fix… (chart top of post)
China ripples may be turning into tsunamis. As FX markets creep open, something serious must have snapped. The South African Rand just crashed 10% – the biggest single-day drop since Lehman – to new record lows. At the same time, carry trades are being unwound en masse, smashing USDJPY down to 116.75 (strongest Yen in a year). Somebody do something!!!
The South African Rand crashed 10% to a record low against the USD of 17.9169. This 10% collapse is the largest on record outside of the immediate post-Lehman move…
Don’t forget – As goes the South African Rand, so goes The World?