Gerald Celente: The Financial And Political Volatility That Will Grip The World In 2015

 

 

(N.Morgan) Gerald Celente is a world renowned  American trend forecaster and publisher of the Trends Journal, a business consultant and when he speaks of the economic situation in the world, many are wise enough to listen. In this latest analysis, Gerald talks to Rick about the tsunami of shockwaves sent out by the Swiss National Bank today by decoupling the Franc from the Euro. Gerald Celente joins Rick to discuss the financial and political volatility that will grip the world in 2015.

 

 

 


 

The Swiss National Bank roiled markets worldwide with its unexpected decision to abandon the franc’s cap against the euro, knocking down what an official just two days ago reaffirmed as a pillar of policy.

 

 

Europe’s shared currency slumped 1.9 percent against the dollar before recouping much of the decline as traders reflected on the decision, which also saw the SNB deepen negative deposit rates. SNB President Thomas Jordan defended the move, saying surprise was necessary. The franc surged as much as 38 percent versus the greenback and gained against all 174 foreign-exchange values tracked by Bloomberg. Volatility jumped to a more than one-year high.

 

 

“This passive intervention in euro-Swiss was costly and not effective because for every euro the SNB was taking away, the European Central Bank stood ready to print another three,” Hans Redeker, London-based head of global currency strategy at Morgan Stanley, said in a conference call. “What today’s Swiss franc move did provide us, we think, is an opportunity of very cheap U.S. dollars, to buy the dollar cheap.”

 

 

The franc appreciated 23 percent to 97.55 centimes per euro at 5 p.m. New York time after earlier jumping 41 percent to 85.17 centimes, the strongest since the euro’s 1999 debut. The Swiss currency gained 21 percent to 83.92 centimes per dollar, after touching 74.06 centimes, the strongest since August 2011. JPMorgan Chase & Co.’s index of global currency volatility rose to 11.24 percent, the highest since June 2013, up from last year’s low of 5.28 percent.

 

Source

 

 

 

 

More Stories by N.Morgan On Right.IS

 

 

Views: 986

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

cheeki kea replied to cheeki kea's discussion Tartaria
"A smidgeon of facts have come to light. In English a misspelling suddenly occurred where an extra R…"
59 minutes ago
Doc Vega posted a blog post

The Cancel Culture Vulture

  Better to shut them down than hear their point of viewCancel culture coming after youHelping to…See More
yesterday
Doc Vega posted a photo
Friday
Doc Vega posted a blog post

The Fingerprint

The Fingerprint On a dance with the unpredictability of the signals you sendA solemn pact with my…See More
Friday
Sandy posted a video
Friday
tjdavis posted a video
Thursday
Burbia replied to Burbia's discussion Trump Receives Marching Orders
Wednesday
Less Prone favorited Burbia's video
Wednesday
Less Prone replied to Burbia's discussion Trump Receives Marching Orders
"Bullets can be effective in reinforcing ownership."
Wednesday
Burbia posted a discussion

Trump Receives Marching Orders

Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
Wednesday
Burbia commented on Burbia's video
Thumbnail

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
Tuesday
Burbia posted a video

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
Tuesday
cheeki kea posted photos
Jul 8
Doc Vega posted blog posts
Jul 7
Burbia posted a video

A few reasons I don’t like jews. It’s not complicated.

These are the reasons I became antisemitic. It’s not complicated. Sure, I could go on for days, weeks, months outlining everything, but I don’t need to. This...
Jul 6
Doc Vega commented on Doc Vega's blog post Unusual Discoveries and Headlines
"Less Prone, Thanks Buddy! I'd like to volunteer as a historical reconstructionist! "
Jul 6
Less Prone left a comment for t.me/TheIntelligenceLibrary
"Welcome to a revolutionary concept in public communication, the truth."
Jul 6
pohonemas33 team is now a member of 12160 Social Network
Jul 6
Less Prone favorited cheeki kea's discussion Tartaria
Jul 6
tjdavis's 2 blog posts were featured
Jul 6

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted