Currency Wars & Another “Drive-By-Shooting”
The world watches as…
- US raised its debt ceiling - more borrowing, more printing
- Swiss National Bank flooded its money markets as it tried to weaken the currency
- Japan intervened in the currency markets to slow the rapid rise of the yen
- News of Thailand, South Korea & even Greek central banks buying gold
- Investors flee the stock markets, Dow plunged
- Gold’s relentless push into all time highs continued
- Silver climbed steeply against all major currencies
Obviously something had to be done as competitive devaluations and flight from fiat currencies into gold & silver gained momentum. And so, another orchestrated take down of PMs not unlike the Drive-By-Shooting event of May 1 just took place…. and is still continuing as I write. Another margin hike??
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Related News & Views:
- More coordinated global currency intervention on the way?
- Yen for Intervention: Japan follows Switzerland to weaken currency
- Greek central bank adds to gold reserves
Categories: Articles by PoliticalMetals, News
Central Banks, Currency, Gold, Manipulation, Silver, USD
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