Rob Miller - 05/13/2013
Much quantitative easing (money printing) has taken place by many countries to weaken their currencies, in hopes of making their exports cheaper abroad. This is a short-term goal that creates long-term problems for any country caught in what many economists call a currency race to the bottom.
Read what the Lord gave Harold Eatmon avision of:
I saw the Stock Market soar and then crash. After the [first] crash, many big business corporations and private parties bought up stocks because of the low cost to buy in. Then I saw the market begin to climb again in a short period of time. Then it crashed again, bringing tremendous loss, ruin and devastation to all who bought in the first time. This is what I have labeled "Two Black Mondays". The time period between the Two Black Mondays was very close together. I could not tell exactly how close. It could be a couple of days to a couple of months. There are some tell-tale signs indicating the season and the setting. I saw the season to be when the leaves fall to the ground, then the first crash would occur. I also saw the Yen fall dramatically just before this sudden and inexplicable [second] crash.
The Yen is for the moment showing strength against a weaker US dollar but this is nothing but a mirage. Japan is the most indebted nation on the planet and the fallout from Fukushima will devastate the countries currency. Here is a very good link to the 20-year chart of the Yen.
We have been following the Yen since the Fukushima disaster in March 11, 2011 when in the same year the Yen also made an all-time high of 1.32 in October of that year.
The US stock market made a high of 11,723 in the year 2000 then
lost nearly 40% over the next two years before climbing back to
another high of 14,165 in 2007. It then fell again, losing over
50% over the next two years and has been climbing
for the last nine years to a high of 26,616 on 1/26/2018 and
has showing tremendous weakness since:
It will 7 years this March 11th from the tsunami that caused the
Fukushima nuclear power plant disaster. The destruction of the
food chain is now at a point that it can no longer be hidden from
Albert Edwards is agreeing with Harold Eatmon that when the yen collapses a new round of currency turmoil will follow that will magnify in equity deflation.