There is an unease amongst us; a foreboding that something is about to happen and there is nothing we can do about it, but wait for it to come. So-called doomsday sayers warned us about the housing bubble. Pollyannaish prognosticators dismissed them as nothing more than rumblings from Chicken Little. Well, we know what happened.
Lately, I’ve been reading about a coming currency crisis, and it’s not from one source. Here is an excerpt from a post published by Zero Hedge:
So is the imminent rate hike which guarantees the ghost of 1937 is about to wake up and lead to stock losses which could make the Lehman crash seem like a dress rehearsal just the precursor to QE4, as happened nearly 80 years ago? We don't know, but neither does the manager of the world's biggest hedge fund. This is what Ray Dalio says ahead of the upcoming rate hike:
... in our opinion, inadequate attention is being paid to the risks of a downturn in which central bankers' abilities to ease are significantly impaired. Please understand that we are not sure of anything but, for the reasons explained, we do not want to have any concentrated bets, especially at this time.
We don't know either, but we do know that if the S&P is cut in half the Fed will launch not just QE4, but 5, 6 and so on, resulting in every other central bank doing the same as global currency war goes nuclear, and the race to the final currency collapse enters its final lap.