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charles hugh smith-Have Central Banks Entered an Undeclared War?

charles hugh smith-Have Central Banks Entered an Undeclared War?. The monetary tectonic plates are shifting, and predicting the next global financial earthquake is relatively easy. I recently suggested that the devaluation of the yen was Japan’s Monetary Pearl Harbor: a direct attack on the currencies of its major trading partners: the euro (European Union), the won […]

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As The “Sanctions War” Heats Up, Will Putin Play His ‘Gold Card’? | David Stockman’s Contra Corner

As The “Sanctions War” Heats Up, Will Putin Play His ‘Gold Card’? | David Stockman’s Contra Corner. The topic of ‘currency war’ has been bantered about in financial circles since at least the term was first used by Brazilian Finance Minister Guido Mantega in September 2010. Recently, the currency war has escalated, and a ‘sanctions […]

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Saxobank CIO Warns We’re About To See A Full-Scale Currency War | Zero Hedge

Saxobank CIO Warns We’re About To See A Full-Scale Currency War | Zero Hedge. There’s increasing risk we’ll soon see a “significant paradigm shift” from China in its attitude to the strength of its currency, warns Saxobank CIO and Chief Economist Steen Jakobsen. He says we’re about to see a full-scale currency war, notably between […]

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It’s Currency War! – And Japan Has Fired The First Shot

It’s Currency War! – And Japan Has Fired The First Shot. This is the big problem with fiat currency – eventually the temptation to print more of it when you are in a jam becomes too powerful to resist.  In a surprise move on Friday, the Bank of Japan dramatically increased the size of the […]

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oftwominds-Charles Hugh Smith: Japan’s Monetary Pearl Harbor

oftwominds-Charles Hugh Smith: Japan’s Monetary Pearl Harbor. Trying to “fix” a sclerotic, inefficient state-cartel economy by boosting inflation–the ultimate goal of Japan’s Monetary Pearl Harbor– is a self-liquidating path to destruction. The Bank of Japan’s surprise expansion of financial stimulus strikes me as the monetary equivalent of Pearl Harbor –not in the sense of launching a […]

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Olduvai IV: Courage
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