Thursday, September 19, 2013

"Currency War"

The Federal Reserve has decided not to taper the United States Currency bringing back talks of a global currency war. While the United States greenback decreases in value yet again, the Euro, the British Pound, and the Australian Dollar has soared. Analyst are warning the Feds decision could prompt other banks to devalue their currencies in order to gain a competitive edge.  Boris Schlossberg of MK Asset Management warns being on the verge of a currency war if the Fed doesn't change its mind and taper by October, at the very latest December.  Schlossberg also says that Japan's dollar Yen is strengthen and not showing as many signs of buckling as much as other currencies. This may very well just be regurgitated fear mongering from CNBC or it may very well be the Fed manipulation catching up to them. If so, this will not be good for America and her economy.

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