Sunday, February 10, 2013

Currency War Reality Check ? Forex Trading with Kong

Don?t kid yourself ? there is a war going on. I?m not talking about some little skirmish over an Island, or a dispute between two neighboring nations over Immigration ? I?m talking about a major, high level tactical war being fought right in front of your very eyes ?- only by way of dollars and cents?..with no guns required.

The Pentagon has run its simulations with top advisors from the financial and economic community (not high-ranking Generals and Majors) with the task of ?flushing out potential attacks? and ?plotting counter moves? with all the other good stuff one would imagine being included in a full scale Hollywood blockbuster. The guns have been replaced with financial instruments, the good guys and the bad guys are now your own government officials and central bankers ? and the entire thing plays out in a digital war zone littered with crashed financial institutions, broken down bank accounts, highly manipulated markets and human casualties (financially speaking) in numbers I care not consider.

This is a currency war people ? and it does not end well for those unwilling to accept it, and in turn prepare for it.

This headline just out of Venezuela:?Venezuela devalued its currency for the fifth time in nine years as ailing President Hugo Chavez seeks to narrow a widening fiscal gap and reduce a shortage of dollars in the economy. The government will weaken the exchange rate by 33 percent to 6.3 bolivars per dollar, Finance Minister Jorge Giordani told reporters today in Caracas.

So??you just woke up and gold is up 33% ? and your local loaf of bread just went through the roof. You don?t think this is what?s going on planet wide? How about the Yen recently? Have you checked the current value of the Pound?

Don?t be surprised to find a similar situation in the U.S ?- a lot sooner than most care to believe.

No country is willing to sit idle and allow the U.S to continue on its rampage of ?easing? and continued flooding of U.S dollars without at least a fight. Unfortunately for many, the Chinese are about ?10 moves ahead? with a war plan so complex and intricate it will make your head spin. (A lot more on that later).

In times of war you need to be a soldier ? you need to navigate the trenches, and you need to protect yourself and your family.

At best ? take interest in what?s going on in the currency world as this is the battle ground?.this is where the fight will be lost or won.

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Source: http://forexkong.com/2013/02/08/currency-war-reality-check/

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