Here's everything you need to know about the Fed in 2016
by Jim Rickards
Source: Currency Wars Alert
http://thecrux.com/jim-rickards-everyth ... d-in-2016/
“The Chinese are communists and they don’t know anything about capital markets. Putting communists in charge of capital markets is like giving a loaded gun to a three-year old,” he told Canadian broadcaster CBC.
The power elite want to abolish currency so they can force everyone into the digital bank system.
Step two is to impose negative interest rates as a disguised tax or wealth transfer.
Once everyone is forced into the banks, it’s easy to impose negative interest rates to confiscate your money.
Getting savers into digital accounts is like rounding up cattle for the slaughter.
The key to investing during currency wars is to focus on the underlying dynamics and stay nimble.
We never put a permanent stake in the ground. We look for signals that tell us when the turning points are coming and adjust our recommendations accordingly.
One of the signals we are picking up is the shrinkage in world trade. Investors tend to focus on trade deficits and surpluses, but those figures mask the fact that overall trade is shrinking.
Japan and Europe were the losers in this round of currency manipulations.
Japan was the winner in 2013 with Abenomics. Europe was the winner in 2014 with negative rates and Euro QE.
Now it was the turn of China and the U.S. to get a lift.
For now, a stronger yen and stronger euro are both in the cards.
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