Currency Wars Return, 1930s Style: Who Will Lose Out?

• The world is heading towards a global currency crisis. All fiat currencies are going down the toilet bowl of currency debasement! Got physical gold yet?
  –
  Currency Wars Return, 1930s Style: Who Will Lose Out? 
  by Matt Clinch, http://www.cnbc.com/ 
  As countries try to weaken their currencies to boost exports, the risk of a currency war similar to events seen in the 1930s has heightened, and policymakers are making sure they are on the winning side, according to Morgan Stanley.
  –
  The balance of power now rests with Japan, according to the bank, as Japan’s policy-makers’ more dovish approach looks set to bring the world a step closer to a currency war.
  –
  The Bank of Japan doubled its inflation target to 2 percent in January and made an open-ended commitment to continue buying assets from next year. This follows a leadership change, with new Prime Minister Shinzo Abe openly calling for aggressive monetary stimulus from the country’s central bank.
  –
  (Read More: Land of the Falling Yen: Japan Cheers Sliding Currency)
  –
  This move, Morgan Stanley said, is a “game changer” as Japan tries to invigorate its stagnating economy. “If a weaker yen is an important pillar of the strategy to make this export-oriented economy more competitive again, it brings into the picture something that was missing from earlier interactions among central banks of the advanced economies – competitive depreciation,” it said in a research note. “This, in turn, takes us one step closer to a currency war.”
  –
  read more!

end