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Covert Operations Under Way
In The Global Currency War?
In the latest Amphora Report, John Butler points out how recently Japan, Switzerland & New Zealand have openly intervened to weaken their currencies & several other countries have expressed a desire for some degree of currency weakness .. Butler examines the evidence of where covert intervention may possibly be taking place, perhaps in some cases where you would least expect it .. "There might indeed be an incentive at present for covert operations of some sort to weaken currencies without other countries noticing .. If the currency wars continue to escalate as they have of late, it seems reasonable to expect that covert interventions will grow in size, scope and frequency. As it is impossible for all countries to devalue against all others, however, this just raises the stakes in what is, at best, a zero-sum game. At worst, as countries begin to accuse one another of covert currency manipulation, the currency wars will morph into damaging trade wars with tariffs, taxes, quotas, regulations and all manner of restrictive trade practices that, collectively, could slam the brakes on what little global economic momentum remains." .. suggests the U.S. may consider employing its vast gold reserves in covert currency intervention operations in a desperate attempt to support the dollar because its goal of suppressing interest rates is being done through dollar-weakening money printing programs.LINK HERE to download the latest report in PDF