The Dynamics Of A Currency War
Nov 26 2010 By: Jim Sinclair
http://jsmineset.com/
My Dear Friends,
What you are witnessing is adults acting like children.
A currency war solves absolutely nothing whatsoever.
A currency war puts extreme strains on exports.
A currency war never establishes a currency’s value versus its trading partners than can be maintained for any meaningful period of time.
A currency war creates currency levels that have nothing to do with reality economically and are unsustainable.
A currency war is endemic to QE in the entire Western world.
A currency war is destructive to all.
A currency war may cause gold to sell off like today in one currency, but it also causes gold to rise in others.
A currency war in time elects gold as the only viable currency.
A currency war is exactly what will give you levels of the gold price forecasted by Armstrong and Alf that are well above what we have looked at for over 8 years.
A currency war is what Merkel declared in her negative speech a few days ago concerning the euro.
A currency war is what the children running our monetary affairs have entered into.
A currency war is akin to children on the playground playing Keep Away.
A currency war’s game of Keep Away is to keep away prosperity.
1. Shut down your quote machine.
2. Take a brisk walk.
3. Drink some cold water or whatever.
4. Review my illustration below and Monty Guild’s recent comments.
Respectfully yours,
Jim
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