If This Continues The Currencies Will Literally Collapse
April 17, 2013
With global markets under pressure, today acclaimed commodity trader Dan Norcini warned King World News that if the current central bank policy of manipulation continues, confidence in the currencies is going to literally collapse. Norcini also spoke about the gold and silver markets and provide an astonishing chart as well. Below is what the acclaimed trader had to say.
Norcini: “If what we are currently witnessing continues, confidence in the currencies will collapse. St. Louis Fed Member James Bullard said today, ‘Inflation is running low. I’m getting very concerned about that. If inflation gains continue to go down I would be willing to increase the pace of the purchases of bonds that the Fed is now engaged in.’
This is exactly what the Bank of Japan has been saying, Eric. This is why they have declared an all-out war against the deflationary forces which have had a grip on their economy for over 20 years now….