OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Czech Prime Minister Ends Vaccine Mandates: ‘We Do Not Want to Deepen the Rifts in Society’
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 2:49 pm by PurpleSkyz

» Former White House Physician Demands Biden Take Cognitive Test After Weird Presser Breakdown
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 1:26 pm by PurpleSkyz

» Ghislaine Maxwell files for a RETRIAL
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 1:21 pm by PurpleSkyz

» Curiosity rover finds possible evidence of life on Mars
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 1:13 pm by PurpleSkyz

»  US Airlines: ‘Dangerous 5G Rollout Will Grind Commerce to a Halt’
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 12:26 pm by PurpleSkyz

» Parents Outraged Over Photo of Teacher Taping Mask to Child’s Face
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 12:20 pm by PurpleSkyz

» Pandemic Narrative Undergoes Radical U-Turn
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 12:12 pm by PurpleSkyz

» NHS Doctor Tells Patient NOT to Take Covid Vaccine Because They Will Be PULLED Soon
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 11:57 am by PurpleSkyz

» Maine Doctor Loses License, Ordered to Undergo Psych Evaluation for Treating Covid Patients with Ivermectin, ‘Spreading Covid Misinformation’
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 11:48 am by PurpleSkyz

» The doctor who quit her job after being suspended for promoting ivermectin, criticizing mandates sues Houston Methodist
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 11:42 am by PurpleSkyz

» EUDRA Stats thru January 15th, 2022
RT: ‘We are on the threshold of ‘currency wars” EmptyToday at 11:37 am by PurpleSkyz

» The Political Timing of the End of the Pandemic
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 7:54 pm by PurpleSkyz

» Australia throws Novak Djokovic out of the country, declares no unvaccinated athlete is welcome
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 7:50 pm by PurpleSkyz

» False Flags Suddenly No Longer A Crazy Conspiracy Theory
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 7:45 pm by PurpleSkyz

» Five nurses speak out about what is really going on in hospitals
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 1:51 pm by vhud

» Boris Johnson: "The government will no longer mandate the wearing of face masks"
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 11:35 am by PurpleSkyz

» Updated Info: Olympic Sprinter Announces Pericarditis Diagnosis on Facebook Following Pfizer Booster Jab
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 11:10 am by PurpleSkyz

» Dr. Reiner Fuellmich: Latest Bombshell About COVID “Vaccines” W
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 11:08 am by PurpleSkyz

» Astronomers Analyze Impact of SpaceX’s Starlink Satellites
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 11:01 am by PurpleSkyz

» Canadian Business Owners Fight Back Against New Lockdowns
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 10:57 am by PurpleSkyz

» Good People Doing Good Things — Little Things Mean A Lot
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 10:44 am by PurpleSkyz

» VAXXED Blood - The Issue of Transfusions
RT: ‘We are on the threshold of ‘currency wars” EmptyYesterday at 10:30 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » RT: ‘We are on the threshold of ‘currency wars”

RT: ‘We are on the threshold of ‘currency wars”

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

RT: ‘We are on the threshold of ‘currency wars”
Posted on January 16, 2013 by Jean
Published: 16 January, 2013, 16:06
Aleksei Ulyukayev (RIA Novosti / Alexey Filippov)

Aleksei Ulyukayev (RIA Novosti / Alexey Filippov)

In an effort to keep domestic currencies artificially low and competitive in global markets the world economies can end up with another wave of currency wars, warns the First Deputy Head of the Central Bank of Russia Aleksey Ulyukaev.

“We are now on the threshold of a very serious, I think, confrontational action, which is called, maybe excessively emotionally, “currency wars,” Ulyukaev said on Wednesday.

Japan is showing an aggressive monetary policy expansion, with the yen having lost 11% since December when Abe’s Liberal Democratic Party won the general election. Lowering the yen’s value is good for the Japanese economy, as it allows domestic companies to receive bigger export revenues, but it hits developing economies, warns Anna Bodrova of Investcafe.

In December 2012, the Bank of Japan raised the limit for the asset purchase program by 10tn yen ($120bn) to 101tn yen ($1,210bn). The stimulus measures in the country are aimed at driving Japan out of deflation and achieve 2% inflation. The Japanese economy is marred by over 20 years of negative growth and deflation.

Such an artificial currency downgrade is a way “to a separation, a split into separate zones of influence, up to a very sharp competition, up to the world currency wars, which is definitely counterproductive,” Ulyukaev said.

“That’s really the case,” Bodrova agrees. “…it’ll be enough to look at the stance of the US, Europe or Japan on the issue. The euro, for example, added more than 8% in half a year, which isn’t at all good for the region’s economic recovery…” she added.

Last year the Japanese yen was down by the average of 14%, Bodrova said. “All these movements lead to imbalances in the world currency system, and this has the chance of starting a new round of so-called currency wars,” the Investcafe analyst commented.

Thanks to: http://jhaines6.wordpress.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum