The newest shot was just fired in the ongoing currency war. Yes, Mr. Draghi, feeling left out of all the “QE games” for years, has finally acquired his “monetary bazooka” license!
Riddle me this though: when given the chance to finally show the world what the ECB is truly made of in this currency war…..why, in Heaven’s name…. Did he fire a blank?!
Besides, who is this QE really intended to benefit?
Lastly, we take a look at two smaller European countries, who’ve made very different decisions in regards to the Euro currency, yet both of whom are in for a world of hurt.
From The Wealth Watchman: