Saturday, 9 February 2013

Banker's currency war................from Rico

Most Americans (outside of San Francisco and Washington, DC political circles) have heard the folk-expression "don't bring a knife to a gunfight."

It took a pissant Commie banana republic to show the BIG 6 Central Banks what it is like to bring a nuke to their currency war knife fight.

Venezuela just devalued its fiat currency by 46%. So what?
- The residents of Venezuela just 'lost' 46% of their purchasing power and net worth...unless they held Gold and Silver, in which case it just jumped 46%!

And for the rest of the 'developed' world this means what?
- Expect and 'unexpected' bank holiday near you...

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