Today Egon von Greyerz sent King World News exclusively an extraordinary
piece where he discusses currency wars, gold peace, and total
collapse. Greyerz, who is founder of Matterhorn Asset Management out of
Switzerland, also included two powerful charts in his outstanding piece
below.
It is absolutely imperative for investors
not to worry about the short term irrational moves of markets and not to
listen to government figures or central bankers who make political
statements that bear no resemblance to their actions.
As I have discussed many
times on King World News, the currency wars are continuing and in my KWN
interview last week I discussed the ECB, BoE making statements that
rates would be low for a foreseeable future due to pressures in these
economies. The same is of course true for bankrupt Japan. Well the
desired effect of weakening European currencies didn’t last long. This
week Bernanke basically said the same as last week but the markets
reacted differently and he achieved the desired effect of the dollar
falling rapidly....
Read more@kingworldnews.com
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