WEB Notes: In the last three days the DOW has lost over 1,000 points. Nations across the globe are devaluing their currencies which is causing a global currency war. The economic events of our world are looking very grime at the moment. But we are all going to stay cool, calm and collective. We have seen this before and it could all bounce right back. No matter what the market does, we are still going to be cool and calm. We are going to continue our preparations. We are going to continue to serve the Lord and study His Word and we are going to continue to be watchman in these end times.
It Starts: Broad Retaliation Against China in Currency War
Source: Wolf Street | And Kazakhstan freaked out and devalued the tenge by 4.5% on Wednesday, to 197.3 per dollar, the biggest drop since that infamous day in February 2014 when the central bank let the tenge plunge 20%. So that move is likely just a foretaste of what is still to come.