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Fed Launches First Currency War Salvo, Tells ECB Not To Push Too Far
Now that The Fed is (however briefly) out of the money-printing business, it appears to have turned its attention to the rest of the world's "despicable monetary policy" actions and fired what seems to be the first warning shot of 'currency wars 2.0', as MarketNews reports:
- ECB SOURCE SAY EUR3 BILLION BALANCE SHEET TARGET NOT IN THE CARDS: MNI
- ECB SOURCE FED HAS NOTICED EUR SLIDE AND ECB MUST NOT PUSH TOO FAR: MNI
One wonders how long before Jack Lew also proclaims Japan a 'currency manipulator' (and, gasp, the Eurozone) especially after Germany's Wolfgang Schaeuble reminded the world this morning that "growth can't be helped by printing money." You don't say...
The EUR reacted...
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FED - Masters of the Universe.
It was breaking 2 year lows, they had to do some jaw boning to help prop up support at 1.25
Printing money to fund economic activity is the cause of the Asian Economic Miracle. It is happening again.
Much better than raising tax to destroy economic activity.
The thing about a currency war is everybody gets tp play. The FED thinks it's still in charge of the world and they control it with dollars. Of course when they rest of the world tells them to fuck off things will get bloody.
Since the Fed is all of a sudden against currency devaluation, it means that behind door #3, that is exactly what the Fed is doing. In about a month we will get to see a little more about what is behind that door.
FED - Masters of the ZimBucks
- there fixed it for yah.
FED HAS NOTICED EUR SLIDE AND ECB MUST NOT PUSH TOO FAR
later added BITCHEZ
blah
I'm going to enjoy seeing Janet in the trenches in fatigues, deploying her bowl cut of righteousness.
Janet of arc....
Silver at a $15 debt coupon dollar handle...
i am laughing like a mother fucker....
FUCK ALL YOU BANKER PIECES OF SHIT...
I LOOK FORWARD TO SLITTING YOUR FUCKING THROATS....
DEATH TO THE MONEYCHANGERS.
oh yeah you are laughing alright
just-lost-his-mind-psycho laughs count, too. not a happy laugh, but a laugh just the same.
If i had a son his name would be Kaiser Sousa.
+18,000,000,000,000
Silver still around $16.00 but the premium is 26% right now for up to 10 silver eagles at APMEX. Yikes.
The EU does not have to print in order to lower the Euro. All they have to do is make internal political tensions within the Eurozone a little more public.
or just have draghi jawbone 24/7
we're THIS close to ...
Plenty of laundering going on, shit, look at reverse REPOs this week alone...
Hail Pax Americana! Nothing has changed since Rome. Hence my moniker. And BIflation will continue to stump the economists, professors, politicians and even tax cuts won't work!
The coming food riots will provide them a hint....
The Fed is just chomping at the bit for a reason to print now that Abe has joined in again. Declare war on the ECB and print in retaliation!
King Dollar gonna leave treadmarks all over FOMC
politician from another country: Screw You
Do as we say, not as we do.
Who in the world wants to own any of the so called major currencies. European QE will start when Japan on its last leg collapses. We are all truly screwed. I thought THE CENTRAL CARTEL jumped the shark long ago. I was wrong!
DON'T PRINT ME BRO
I'm looking forward to the day these monetary politicians finally acknowledge 'it's every man for himself' and start clearly antagonizing policy against each other. it's not far off, and it's gonna be fun to watch.
simply more bullshit, deception & lies - their only tools left besides money printing.
You want to do a James Cagney...palm over their face, shove back, "Shaddup!"...
don't be buyin' all ar t bondz bitchez
What monster box to buy today ???
Philharmonic ? Eagles ? Or the strange 3/4oz Canada TimberWolf ?
Philharmonic...markup isnt as high. Seen the Valcambi combibars? Kinda cool...but silly mark up too.
3/4 oz sounds like shrinking portion control..
Peregrine Falcon. First of a series at normal prices. Look at what the original 1 oz timberwolf did from the wildlife series.
I assume that was supposed to be a 3t not a 3b?
Smoot Hawley here we come.....
I say again...AN ENERGY BOOM IS INFLATIONARY.
Let the friggin dollar rise...this is not a problem.
If Japan, Europe and China want to engage in a currency war that is their problem not the USA's. Treasuries are getting hammered today which I don't like...but nothing says good advice better than it goes unheeded.
Are you new? The biggest and baddest currency warrior out there is the US via the FED.
This is currency war and the BOJ has just launched another missile.
I haven't heard anything of the great Belgian UST bond buyer in recent months -- still active?
Siera Leone is the new star, buying with corpses.
There is no better way to ship Gold around the world than in Ebola bags
Belgium still there, though they're off the peak a bit
direct from the treasury:
https://www.treasury.gov/ticdata/Publish/mfh.txt
Didn't the first currency war salvo start when China devalued their currency by %50 in 95?