China cut their interest rates yesterday. The Chinese people will see the same thing we see. I currency war. Race to the bottom. In the case of currency the result is going to be more inflation in both currencies. Doesn’t Europe have to follow? We will see.
Exactly - very soon, once the recession is underway, all major economies will be cutting rates aggressively and launching stimulus programs, which bodes extremely well for precious metals.
China cut their interest rates yesterday. The Chinese people will see the same thing we see. I currency war. Race to the bottom. In the case of currency the result is going to be more inflation in both currencies. Doesn’t Europe have to follow? We will see.
Exactly - very soon, once the recession is underway, all major economies will be cutting rates aggressively and launching stimulus programs, which bodes extremely well for precious metals.