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We may not understand what's going on ... but as it has been said before, it's coming even bonding clear, something is happening in the global banking system..... This may be part of the preparation from the movement to a global GOLD standard within the currency markets. It may also be countries beginning to adjust in anticipations of alleged Global currency Reset...which may be part of this new system which appears to come online at this time... according to Jim Willie in another interview with Jim Willie, talks about the Central Banks bying 100 procent of sovereign debt... Collapse of the European Union | Jim Willie (Part 2)
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Published: Mar 6, 2015 2:40 a.m. ET (MarketWatch)
CORRECTION: An earlier version of this story gave an incorrect date for the beginning of the European Central Bank’s QE program. The story has been corrected.
Central banks around the globe are rushing to ease monetary policy as looming deflation and still-weak commodity prices weigh on growth expectations.
On Tuesday, the Reserve Bank of India surprised the market by cutting rates for the second time this year.
And with the European Central Bank beginning its massive stimulus plan on March 9, more easing is expected, as policy makers struggle to keep their currencies fairly valued against a rapidly weakening euro.
Mohamed El-Erian has described it as “accidental,” but however you characterize it, it’s hard to deny that a global currency war has already begun.
Here’s a map showing which central banks have already fired their opening salvo in 2015.
Central banks around the globe are rushing to ease monetary policy as looming deflation and still-weak commodity prices weigh on growth expectations.
On Tuesday, the Reserve Bank of India surprised the market by cutting rates for the second time this year.
And with the European Central Bank beginning its massive stimulus plan on March 9, more easing is expected, as policy makers struggle to keep their currencies fairly valued against a rapidly weakening euro.
Mohamed El-Erian has described it as “accidental,” but however you characterize it, it’s hard to deny that a global currency war has already begun.
Here’s a map showing which central banks have already fired their opening salvo in 2015.