World Events and the Bible

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Britain’s credit rating downgraded from AAA to Aa1

Moody’s announced on Friday night that it had cut the Government’s bond rating one notch from ‘Aaa’ – the highest possible level – to ‘Aa1’.

The move is a significant setback for Chancellor George Osborne, who has faced criticism that his strategy for dealing with UK’s huge debt burden is failing to deliver.

Moody’s pointed to “continuing weakness in the UK’s medium-term growth outlook, with a period of sluggish growth which [it] now expects will extend into the second half of the decade”.

The credit ratings agency also noted that the Government’s debt reduction programme faced significant “challenges” and that the UK’s huge debts are unlikely to “reverse before 2016”.

Moody’s said that despite considerable structural economic strengths, growth is expected to be sluggish due to a combination of weaker global economic activity and the drag on the UK economy “from the ongoing domestic public- and private-sector deleveraging process.” – Full Read: Telegraph

WEB Notes: Things will continue to get worse not better. The problems are with the foundation of the system and attempting to paper over the problem will not fix matters. This global financial collapse is by design.

VA Prohibiting Ownership or Purchase of Firearms for Vets

SHOCK REPORT — Veterans Receive Letters From VA Prohibiting Ownership or Purchase of Firearms
This must be Barack Obama’s way of thanking our veterans for serving.

US veterans are receiving letters from the government informing them that they are disabled and not allowed to own, purchase or possess a firearm. If the veteran does decide to purchase a firearm he will by fined, imprisoned or both.

This comes on page 2 of the VA letter.

Constitutional Attorney Michael Connelly, J.D. reported this at Red Flag News.

How would you feel if you received a letter from the U.S. Government informing you that because of a physical or mental condition that the government says you have it is proposing to rule that you are incompetent to handle your own financial affairs? Suppose that letter also stated that the government is going to appoint a stranger to handle your affairs for you at your expense? That would certainly be scary enough but it gets worse.

What if that letter also stated: “A determination of incompetency will prohibit you from purchasing, possessing, receiving, or transporting a firearm or ammunition. If you knowingly violate any of these prohibitions, you may be fined, imprisoned, or both pursuant to the Brady Handgun Violence Prevention Act, Pub.L.No. 103-159, as implemented at 18, United States Code 924(a)(2).”?

That makes is sound like something right from a documentary on a tyrannical dictatorship somewhere in the world. Yet, as I write this I have a copy of such a letter right in front of me. – Gateway Pundit

Firearms Companies Restricting Sales To GOVERNMENT Agencies In Areas That Restrict Gun Rights
A growing number of firearm and firearm-related companies have stated they will no longer sell items to states, counties, cities and municipalities that restrict their citizens’ rights to own them.

According to The Police Loophole, 34 companies have joined in publicly stating that governments who seek to restrict 2nd Amendment rights will themselves be restricted from purchasing the items they seek to limit or ban.

Extreme Firepower Inc., located in Inwood, WV has had a longstanding policy that states:

“The Federal Government and several states have enacted gun control laws that restrict the public from owning and possessing certain types of firearms…If a product that we manufacture is not legal for a private citizen to own in a jurisdiction, we will not sell that product to a law-enforcement agency in that jurisdiction.”

York Arms, located in Buxton, ME released a statement following new legislation in New York:

“Based on the recent legislation in New York, we are prohibited from selling rifles and receivers to residents of New York. We have chosen to extend that prohibition to all governmental agencies associated with or located within New York.”

Quality Arms, located in Rigby, ID writes on their website, “elected officials have their own agenda to circumnavigate the truth and destroy the constitution of the United States.”

The site states: “Quality Arms Idaho will not supply and firearm or product, manufactured by us, or any other company nor will we warranty, repair, alter, or modify and firearm owned by any State, County or Municipality who infringes on the right of its citizens to bear arms under the 2nd Amendment.” – CNS News

6 tanks at Hanford nuclear site in Wash. leaking

Six underground tanks that hold a brew of radioactive and toxic waste at the nation’s most contaminated nuclear site are leaking, federal and state officials said Friday, prompting calls for an investigation from a key senator.

Washington Gov. Jay Inslee said the leaking material poses no immediate risk to public safety or the environment because it would take a while — perhaps years — to reach groundwater.

But the leaking tanks raise new concerns about delays for emptying them and strike another blow to federal efforts to clean up south-central Washington’s Hanford nuclear reservation, where successes often are overshadowed by delays, budget overruns and technological challenges.

Department of Energy spokeswoman Lindsey Geisler said there was no immediate health risk and said federal officials would work with Washington state to address the matter.

Regardless, Tom Towslee, a spokesman for Sen. Ron Wyden, D-Ore., said the senator will be asking the Government Accountability Office to investigate Hanford’s tank monitoring and maintenance program.

Wyden is the new chairman of the Senate Energy and Natural Resources Committee.

State officials just last week announced that one of Hanford’s 177 underground tanks was leaking 150 to 300 gallons a year, posing a risk to groundwater and rivers. So far, nearby monitoring wells haven’t detected higher radioactivity levels.

Inslee traveled to Washington, D.C., this week to discuss the problem with federal officials. He said Friday that he learned in meetings that six tanks are leaking waste.

“We received very disturbing news today,” the governor said. “I think that we are going to have a course of new action and that will be vigorously pursued in the next several weeks.”

The federal government built the Hanford facility at the height of World War II as part of the Manhattan Project to build the atomic bomb. The remote site produced plutonium for the bomb dropped on Nagasaki, Japan, and continued supporting the nation’s nuclear weapons arsenal for years.

Today, it is the most contaminated nuclear site in the country, still surrounded by sagebrush but with Washington’s Tri-Cities of Richland, Kennewick and Pasco several miles downriver.

Hanford’s tanks hold some 53 million gallons of highly radioactive waste — enough to fill dozens of Olympic-size swimming pools — and many of those tanks are known to have leaked in the past. An estimated 1 million gallons of radioactive liquid already leaked there.

The tanks also are long past their intended 20-year life span — raising concerns that even more tanks could be leaking — though they were believed to have been stabilized in 2005. – Full Read: CBS

WEB Notes: Gov. Inslee said it’s not a public health risk? I find this utterly amazing to say the least. Since when is nuclear waste not a concern? I’ve known people that couldn’t build on their own land because Ferry Shrimp inhabited the land. I spoken with people employed at the dump who advised they have to place a liner in between the ground and trash. I know for a fact I can’t fill up my “expired” propane tank. But it’s ok for the Federal Government to use a tank to store nuclear waste for well over 60 years when it was designed for just 20?

Comet Lemmon dazzles stargazers: one of three comets to be seen in 2013

At the moment there are three significant comets plunging toward the sun: Comet ISON, Comet Pan-STARRS, and Comet Lemmon. The most beautiful so far is this one: “Comet Lemmon has a beautiful tail with lovely fine structure,” says Phil Hart of Lake Eppalock, Victoria, Australia, who photographed it on Feb. 17th. The comet is now slightly closer to the sun than Earth. Solar heating has turned it into a binocular object (magnitude +5.5 to +6) barely visible to the human eye, but dazzling through backyard telescopes, as shown in Hart’s photo above. Comet Lemmon’s verdant color comes from two of the gases boiling off its nucleus: cyanogen (CN: a poisonous gas found in many comets) and diatomic carbon (C2). Both substances glow green when illuminated by sunlight in the near-vacuum of space. The combination of its colorful atmosphere and filamentary tail make this comet visually striking. Ultimately, Comet Pan-STARRS and especially Comet ISON could surpass it, but for now the most beautiful comet in the solar system appears to be a green Lemmon. – The Extinction Protocol

Israel: Iran closer than ever to nuclear bomb

Iran is “closer than ever” to the ability to build a nuclear bomb, Israel said on Thursday, as a new UN report said Tehran has begun installing next-generation equipment at one of its main nuclear plants.

The International Atomic Energy Agency’s report said Iran started installing new and advanced centrifuges at Natanz, which would enable it to speed up the enrichment of uranium.

Israeli Prime Minister Benjamin Netanyahu’s office said the report was “severe,” and “proves Iran is continuing to rapidly advance to the red line that the prime minister drew at his speech in the United Nations.”
“Iran is closer than ever today to obtaining enriched material for a nuclear bomb,” the statement read.
In a September address to the UN General Assembly, Netanyahu called for a “clear red line” to stop Iran getting a nuclear bomb.

He used a red marker pen to draw a line through a cartoon diagram of a bomb to illustrate what the international community’s limit for Iran’s uranium enrichment program should be.

He said Iran had 70 percent of the necessary level of uranium enrichment for a bomb and warned that at the current pace, the Islamic republic could have nearly all the material needed to create a first bomb by summer.
Thursday’s statement noted that “preventing nuclear arms from Iran will be the first topic Prime Minister Benjamin Netanyahu will discuss with US President Barack Obama,” expected in Israel in March.
Israel, along with the United States and much of the West, believes Iran is seeking a nuclear weapon, something Tehran strongly denies.

Israel, the Middle East’s sole, albeit undeclared, nuclear power, believes Iran must be prevented from reaching military nuclear capabilities at any cost and refuses to rule out military intervention to that end. – France 24

Iran move to speed up nuclear program troubles West
Iran has begun installing advanced centrifuges at its main uranium enrichment plant, the U.N. nuclear watchdog said on Thursday, a defiant step that will worry Western powers ahead of a resumption of talks with Tehran next week. – Full Read: Reuters

WEB Notes: It’s looking more than likely we will have war sometime later this year. Right or wrong it’s on our doorstep… This will fulfill the prophecy in the book of Daniel concerning Persia, then lookout because here he comes

Global Elitism: The Character Traits Of Truly Evil People

Source: Alt-Market  | The first dangerous mistake the average person makes is the assumption that “evil” is a kind of subjective or “gray” concept.  We would love to believe that all destructive and malicious behavior is merely a product of bad environment, bad upbringing, or mental psychosis.

Read More

53 people killed, over 200 injured in Damascus car bomb blast

At least 53 people have been killed and over 200 wounded in a massive car bomb blast that’s hit the Syrian capital of Damascus, according to Syrian state TV. The explosion shook a square where pro-government rallies are usually staged.

Police indicated that the victims were mostly civilians, including at least four children. Palestinian leader Nayef Hawatma was among the injured, AFP reported.

The car bombing occurred on a busy highway close to ruling Baath Party offices and the Russian Embassy. The blast caused damage to the nearby Abdullah Bin al-Zabir school and al-Hayat Hospital.

Al-Ikhbariya TV station showed footage of what appeared to be at least four dead bodies on the ground and cars on fire.

“It was huge, everything in the shop turned upside down,”one local resident told AP on condition of anonymity.

Authorities seized a car loaded with cylinder-shaped bath water heaters filled with explosives. The person driving the car was arrested, SANA news agency reported.

Political analyst and Geo-strategic expert Amine Hotait says the bombing shows the desperation of terror groups in Syria.
“They have carried out these desperate attacks, hoping to stop any possible negotiations that might lead to a peaceful solution for the crisis, and they’re aiming to punish the Syrian people for their steadfastness and for their rejection of any form of fighting and terrorism,” Hotait told RT Arabic.

A Russian diplomat told RIA-Novosti the windows were broken in the Russian Embassy, but provided no information on whether anyone was killed or injured in the explosion.
State media reported the “terrorist explosion” caused casualties, but didn’t specify numbers, according to Reuters.

Meanwhile, an RT Arabic correspondent said there were three blasts in Damascus, contrary to the majority of current reports. Activists confirm that information, though provide no further details. A security source confirmed the second explosion, while the Britain-based Syrian Observatory for Human Rights claimed two blasts followed the first one. – Full Read: RT


WEB Notes: “The burden of Damascus. Behold, Damascus is taken away from being a city, and it shall be a ruinous heap.” – Isaiah 17:1

Killing the Dollar: G20 & IMF Push for Global Fed, Global Currency

gmanfortruth.wordpress.com

While headline stories about averting the dangers of an international “currency war” dominated news coverage of the recently concluded G20 meeting in Moscow, the real unreported story is that the global gathering of central bankers and finance ministers is pushing forward with their plan for “supersizing” the International Monetary Fund. The end goal is to transform the IMF into a global Federal Reserve, with the ability to flood the world with huge new volumes of loans and currency. It would also wield vast financial regulatory powers.

The IMF’s unit of account, or “currency,” known as a Special Drawing Right (SDR), is being readied for eventual adoption as the replacement for the U.S. dollar in international transactions, to lead the way toward eventual adoption of the SDR or some other designated unit as the global currency, much in the same way that the euro was foisted upon the people of Europe as a replacement of their national currencies.

The mainstream media seem intent on keeping the public fixated on the latest Kardashian frolics, sportsmania, and Dremocrat-Republican political mudwrestling, while coverage of the G7, G20, and IMF confabs that are determining the economic fate of the world receive short shrift. And the little reporting of these events that does leak out usually amounts to little more than regurgitation of the pre-scripted talking points of the conference principals. Over the past four years, The New American has published numerous articles detailing the radical plans currently underway for the total destruction of the dollar and the plans for supersizing the IMF into a global Fed.

Virtually unreported was IMF Managing Director Christine Lagarde’s comments at the close of the G20 Moscow summit on February 16 that she expected the IMF members to come through soon with the remaining funds necessary to double the IMF’s funds. Unknown to most voters and taxpayers the world over is the fact that their governments’ finance ministers agreed at the G20’s Korea meeting in 2010 to increase the “quotas” (contributions) of each member to the IMF, effectively doubling the IMF’s SDR assets to about $US 750 billion. Full Read: New American

WEB Notes: The continued merge of the one world system, or better known as the beast system to the Christian reader. Make no mistake, all of this talk about currency wars are bogus. This is part of the shell game. This collapse is by design.

Op-Ed: Exclusive: A Seat for the Pope at King David’s Tomb

An historic agreement has been drafted between Israel and the Vatican. The Israeli authorities have granted the Pope an official seat in the room where the Last Supper is believed to have taken place, on Mount Zion in Jerusalem, and where David and Solomon, Jewish kings of Judea, are considered by some researchers, to also be buried.

It is the culmination of a long campaign by the Catholic Church to regain religious stewardship over the place where Jesus is supposed to have broken bread and drunk wine with his disciples on the eve of his crucifixion.

This is an enormous issue pushed through without any public debate.

According to our sources, the agreement, which is expected to be ratified next June, gives the Pope a “special authority” over the second floor of the building, so that Christian pilgrims will be able to celebrate religious functions like Pope John Paul did in 2000.

The agreement constitutes Israel’s capitulation to the Vatican’s efforts to “Christianize” the holy site, like when a Catholic convent was built in Auschwitz.

The Catholic Church has long wanted control over part of the area on Mt. Zion so as to turn it into an international religious center for Catholics. The blueprint of the agreement reads as follows: “The Vatican hands over this use of the Cenacle to the Custody of the Holy Land which will keep the Cenacle open from 6 AM to 8 AM for the celebration of the Holy Mass”.

In the long term, the gesture will increase tensions between Jews and the large assets of the Vatican. The Church has long been working to reduce Jewish rights in Jerusalem and in the Old City. Now, after the Muslim Waqf authority expelled the Christians from the Temple Mount and turned it into a mosque, it’s the turn of the Vatican to lay its hands on the Jewish Jerusalem. – Full Read: Israel National News

WEB Notes: What many fail to recognize is the “Jews” are just one of 12 tribes. The other 11 were  scattered and E. Raymond Capt documents exactly where they are today in this booklet titled: “Abrahamic Covenant: A study outline of the Identity of God’s People. I believe this is an important issue, not just the migration of the tribes but the temple mount. We are going to see a lot more news about this very important spot on the earth in the near future...

20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

Is the U.S. economy about to experience a major downturn?  Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now.  Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the “sequester” threatens to give the American people their first significant opportunity to experience what “austerity” tastes like.  Gas prices are going up rapidly, corporate insiders are dumping massive amounts of stock and there are high profile corporate bankruptcies in the news almost every single day now.

In many ways, what we are going through right now feels very similar to 2008 before the crash happened.  Back then the warning signs of economic trouble were very obvious, but our politicians and the mainstream media insisted that everything was just fine, and the stock market was very much detached from reality.  When the stock market did finally catch up with reality, it happened very, very rapidly.  Sadly, most people do not appear to have learned any lessons from the crisis of 2008.  Americans continue to rack up staggering amounts of debt, and Wall Street is more reckless than ever.  As a society, we seem to have concluded that 2008 was just a temporary malfunction rather than an indication that our entire system was fundamentally flawed.  In the end, we will pay a great price for our overconfidence and our recklessness.

So what will the rest of 2013 bring?

Hopefully the economy will remain stable for as long as possible, but right now things do not look particularly promising.

The following are 20 signs that the U.S. economy is heading for big trouble in the months ahead…

#1 Freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

#2 The average price of a gallon of gasoline has risen by more than 50 cents over the past two months.  This is making things tougher on our economy, because nearly every form of economic activity involves moving people or goods around.

#3 Reader’s Digest, once one of the most popular magazines in the world, has filed for bankruptcy.

#4 Atlantic City’s newest casino, Revel, has just filed for bankruptcy.  It had been hoped that Revel would help lead a turnaround for Atlantic City.

#5 A state-appointed review board has determined that there is “no satisfactory plan” to solve Detroit’s financial emergency, and many believe that bankruptcy is imminent.  If Detroit does declare bankruptcy, it will be the largest municipal bankruptcy in U.S. history.

#6 David Gallagher, the CEO of Town Sports International, recently said that his company is struggling right now because consumers simply do not have as much disposable income anymore…

“As we moved into January membership trends were tracking to expectations in the first half of the month, but fell off track and did not meet our expectations in the second half of the month. We believe the driver of this was the rapid decline in consumer sentiment that has been reported and is connected to the reduction in net pay consumers earn given the changes in tax rates that went into effect in January.

#7 According to the Conference Board, consumer confidence in the U.S. has hit its lowest level in more than a year.

#8 Sales of the Apple iPhone have been slower than projected, and as a result Chinese manufacturing giant FoxConn has instituted a hiring freeze.  The following is from a CNET report that was posted on Wednesday…

The Financial Times noted that it was the first time since a 2009 downturn that the company opted to halt hiring in all of its facilities across the country. The publication talked to multiple recruiters.
The actions taken by Foxconn fuel the concern over the perceived weakened demand for the iPhone 5 and slumping sentiment around Apple in general, with production activity a leading indicator of interest in the product.

#9 In 2012, global cell phone sales posted their first decline since the end of the last recession.

#10 We appear to be in the midst of a “retail apocalypse“.  It is being projected that Sears, J.C. Penney, Best Buy and RadioShack will also close hundreds of stores by the end of 2013.

#11 An internal memo authored by a Wal-Mart executive that was recently leaked to the press said that February sales were a “total disaster” and that the beginning of February was the “worst start to a month I have seen in my ~7 years with the company.”

#12 If Congress does not do anything and “sequestration” goes into effect on March 1st, the Pentagon says that approximately 800,000 civilian employees will be facing mandatory furloughs.

#13 Barack Obama is admitting that the “sequester” could have a crippling impact on the U.S. economy.  The following is from a recent CNBC article

Obama cautioned that if the $85 billion in immediate cuts — known as the sequester — occur, the full range of government would feel the effects. Among those he listed: furloughed FBI agents, reductions in spending for communities to pay police and fire personnel and teachers, and decreased ability to respond to threats around the world.
He said the consequences would be felt across the economy.
“People will lose their jobs,” he said. “The unemployment rate might tick up again.”

#14 If the “sequester” is allowed to go into effect, the CBO is projecting that it will cause U.S. GDP growth to go down by at least 0.6 percent and that it will “reduce job growth by 750,000 jobs“.

#15 According to a recent Gallup survey, 65 percent of all Americans believe that 2013 will be a year of “economic difficulty“, and 50 percent of all Americans believe that the “best days” of America are now in the past.

#16 U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012.  This was the first GDP contraction that the official numbers have shown in more than three years.

#17 For the entire year of 2012, U.S. GDP growth was only about 1.5 percent.  According to Art Cashin, every time GDP growth has fallen this low for an entire year, the U.S. economy has always ended up going into a recession.

#18 The global economy overall is really starting to slow down

The world’s richest countries saw their economies contract for the first time in almost four years during the final three months of 2012, the Organisation for Economic Co-operation and Development said.
The Paris-based thinktank said gross domestic product across its 34 member states fell by 0.2% – breaking a period of rising activity stretching back to a 2.3% slump in output in the first quarter of 2009.
All the major economies of the OECD – the US, Japan, Germany, France, Italy and the UK – have already reported falls in output at the end of 2012, with the thinktank noting that the steepest declines had been seen in the European Union, where GDP fell by 0.5%. Canada is the only member of the G7 currently on course to register an increase in national output.

#19 Corporate insiders are dumping enormous amounts of stock right now.  Do they know something that we don’t?

#20 Even some of the biggest names on Wall Street are warning that we are heading for an economic collapse.  For example, Seth Klarman, one of the most respected investors on Wall Street, said in his year-end letter that the collapse of the U.S. financial system could happen at any time

“Investing today may well be harder than it has been at any time in our three decades of existence,” writes Seth Klarman in his year-end letter. The Fed’s “relentless interventions and manipulations” have left few purchase targets for Baupost, he laments. “(The) underpinnings of our economy and financial system are so precarious that the un-abating risks of collapse dwarf all other factors.” 

Economic Collapse Blog

Pentagon informs Congress of plans to furlough 800K civilians

The Pentagon notified Congress on Wednesday it will be furloughing its civilian workforce of 800,000 employees if sequestration goes into effect March 1.

Defense officials have warned lawmakers that sequestration will devastate the military and lead to a hollow force, but the civilian furloughs will be one of the first major impacts felt by the across-the-board cuts.

The Pentagon furloughs will affect civilians across the country. Pentagon officials have said that civilians could face up to 22 days of furloughs, one per week, through the end of the fiscal year in September. The employees would receive 30 days’ notice before being furloughed.

“We are doing everything possible to limit the worst effects on DOD personnel — but I regret that our flexibility within the law is extremely limited,” Defense Secretary Leon Panetta wrote in a message to the department. “The president has used his legal authority to exempt military personnel funding from sequestration, but we have no legal authority to exempt civilian personnel funding from reductions.”

The Joint Chiefs also testified before both the House and Senate last week to lay out the dangers of sequestration, as the Pentagon has taken a much more proactive approach to the cuts than when they were set to hit in January.

Pentagon Comptroller Robert Hale told reporters Wednesday that the furloughs would save between $4 bill and $5 billion in 2013. The Pentagon would have to cut $46 billion under sequestration.

Hale said that most of the Defense Department’s near-800,000 civilian workforce would face furloughs, but there would be exceptions, including foreign workers on overseas bases and those working in combat zones.

Acting Under Secretary of Defense for Personnel and Readiness Jessica Wright said that furloughs were “not a Beltway phenomenon,” as roughly 80 percent of DOD civilian workers lived outside the Washington, D.C., metro area.

The potential for furloughs was one of the few things DOD officials announced before the Jan. 2 deadline, which was delayed two months in the “fiscal-cliff” deal. – Full Read: TheHill

Currency Wars – Race to the Bottom

The alarmist media always seeks to sell papers or broadcast ratings, built on the unswerving fear that followed the financial meltdown, the banking establishment profits from the debt liquidation panic. The lack of stability in fiscal confidence certainly abounds, but the schemes to paper over the mountain of liability obligations, develop at even a more rapid pace. The implied result of a real currency war is that nations are acting or defending their own national interests. The truth is that fiat currencies, designed to depreciate, benefits the moneychangers as the loss of purchasing power penalizes taxpayers and consumers. 
The financial press spins the “so called” harmonious unity of the industrial nations, in a lame attempt to ease concerns that the money markets can be trusted. An example is the G20 summit to focus on ‘currency war’ threat to economy. This Independent article, lays out the implications of the current currency row. 
“G20 officials are set to disregard key parts of the G7 currency statement while making no direct mention of new debt-cutting targets – something Germany is pressing for but which the United States is opposed to.
CMC Markets analyst Michael Hewson said: “What the G7 basically said this week is that it is fine to manipulate your currency as long as you don’t talk about it. These ‘currency wars’ are more like phony wars. The bigger problem the G20 has is not currency wars, it is a lack of growth.”
Substitute the term currency war, for coordinated inflation, cloaked in the public announcements, out of the globalist ministers for a single world currency. Do not doubt for a moment that the ultimate goal is to create managed crisis, in order to push soveriegn countries into incessant serfdom. The Fiscal Times in the article, How a Fake Currency War Panicked Global Economies, concludes. 

“What we have been calling “the currency wars” these past couple of weeks is nothing more than a process of adjustment. Exchange values will settle. We have entered a period where economic priorities are changing on a global scale. This reflects a shift in views even from last autumn, when austerity was still the faith. This adjustment will have its effect on currency values, let there be no question. Do not mistake it for a war.” – Full Read: BATR

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