Setting the Stage for the One World Currency
armstrongeconomics.com / by Martin Armstrong /
We can start to see how the one-world currency comes into play with BIG BANG. The more these governments try to manipulate the outcome of the free markets, the worse everything becomes. I met with members of the board in charge of the Swiss/Euro Peg just before the Berlin Conference. I explained that no peg has ever lasted and Bretton Woods stands as witness to that in recent memory no less the Pound/DMark Peg that made George Soros famous. Pegs only suppress the free market, they cannot prevent the eventual outcome.
Instead of an orderly market, the Swiss got overloaded with buying Euros. Had they continued to keep buying, they would have simply bankrupted the entire country if they did not abandon the peg. But what happens is rather simple to comprehend. The volatility increases and its released all in one shot. We can see here that the collapse was still orderly. The market fell to test the Downtrend Line from 2011. It would have reached that target in a normal fashion. The peg simply postponed the inevitable increasing the price shock the longer it was extended. The more you postponed, the steeper the shock for the market will still test that Downtrend line no matter what or when.
The post Setting the Stage for the One World Currency appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/02/15/setting-the-stage-for-the-one-world-currency/
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