Tuesday, January 22, 2013

Currency War Risk is Rising?

All central banks now work together for the sake of the 'common good' in the markets. 

There is a large rift building right now that seriously raises the specter of a currency war.   IF that were to come to pass, there would be some serious economic consequences world wide.   Don't forget, we're a world wide economy now....  It will be like the "butterfly effect"....  if a butterfly flaps it's wings in Brazil, there's a typhoon in Singapore. 



Weidmann warns of currency war risk


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The erosion of central bank independence around the world threatens to unleash a round of competitive exchange rate devaluations, which leading economies have so far avoided during the financial crisis, the president of Germany’s Bundesbank warned on Monday.

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