Currency wars being downplayed, but some seem to be pursuing them

World Currencies

Currency wars have been discussed again:

18 February 2013

Europe Central Bank head Mario Draghi has been trying to play down worries about currency wars.

At the European Parliament on Monday, he responded to concerns that the recent high value of the euro against other currencies could choke off the region’s economic recovery. http://www.euronews.com/2013/02/18/draghi-dismisses-currency-war-talk/

A meeting of finance ministers from the 20 leading industrial and developing nations wrapped up over the weekend in Moscow. The nations agreed to not to target the exchange rates of their respective currencies amid concerns that competitive devaluation could spark a currency war. http://www.npr.org/2013/02/18/172286411/g20-leaders-pledge-to-avert-currency-war

BRUSSELS — The president of the European Central Bank sought Monday to ease fears that countries including Japan were deliberately weakening their currencies and that European exporters were threatened by a round of competitive devaluations among the world’s major economies…

Over the past few years, emerging-market countries like Brazil have openly accused slow-growing advanced countries like the United States of unfairly pushing down the value of their currencies with their aggressive monetary policies. And, for years, the United States has accused export-reliant emerging economies, in particular China, of manipulating their currencies, too. http://www.nytimes.com/2013/02/19/business/global/draghi-seeks-to-quiet-talk-about-global-currency-war.html?_r=0

G20 currency truce short lived as Japan mulls foreign bond buys

Japan’s premier has left the door open for outright purchases of foreign bonds to weaken the yen, a move that would risk a serious clash with the US and Europe and a fresh escalation in global currency tensions. http://www.telegraph.co.uk/finance/currency/9878662/G20-currency-truce-shortlived-as-Japan-mulls-foreign-bond-buys.html

The economies of the world will change. Japan and others are looking at weakening the value of their currencies. The USA has been actually doing it, often in unprecedented ways (think quantitative easing; see Federal Reserve to continue with $85 billion in monthly ‘money creation’). And while the politicians in Washington, D.C. plan to continue to debate on how fast or slow to increase its total debt, the plan still is to increase that debt.

The current world order with the USA and the Anglo-descended nations will change–and this is starting to happen. despite concerns about the Euro, a power in Europe will control much of the world’s economies for a while–and some of the steps for this to occur have already happened. And eventually, after massive devastation (the Great Tribulation and the Day of the Lord), Jesus will return and establish His kingdom.

Many in Europe, Asia, the Middle East, and Latin America are already concerned about what the USA is doing to its dollar and the impact that this is starting to have on their currencies.

The USA, and certain other nations, are on a slippery slope with their direct and indirect currency devaluations and this will not end up well for the USA or its Anglo-descended allies.

For some items of possibly related interest, please check out the following:

Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? What is ahead for Europe?
Japan, Its Biblical Past and Future, Part 1: Any Witness? Where did the Japanese people come from? Have they had any witness?
Japan, Its Biblical Past and Future, Part 2: Prophecy Japan in prophecy. What is prophesied for Japan? Will God save the Japanese?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British-English, Scottish, Welsh, Australians, Anglo (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future.
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?
Can the Great Tribulation Begin in 2013, 2014, or 2015? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic, Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.