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: 985

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

Less Prone favorited Burbia's blog post Mystery illness strikes Russia with fever, blood symptoms, and no cure in sight.
1 hour ago
Less Prone commented on Burbia's blog post Mystery illness strikes Russia with fever, blood symptoms, and no cure in sight.
"Sounds like a bioweapon"
1 hour ago
Doc Vega commented on Doc Vega's blog post Through Her Disguise
"cheeki kea Thank you so much your words are  always inspirational. But, when the word joy…"
3 hours ago
Sandy posted a photo
4 hours ago
cheeki kea replied to cheeki kea's discussion Tartaria
"The early writing."
yesterday
cheeki kea commented on Doc Vega's blog post Through Her Disguise
"Spoken like a true poet. I wanted to reply to your comment but had to think on it for awhile. My…"
yesterday
Doc Vega posted blog posts
Thursday
Snakedaddy posted a photo
Thursday
Snakedaddy commented on Snakedaddy's album
Thumbnail

a soon shit

"a soon shit"
Thursday
Snakedaddy posted a photo
Thursday
cheeki kea replied to cheeki kea's discussion Tartaria
"Thanks for reply Burbia. Language wise there appears to be Hungarian sub branch component to it…"
Thursday
tjdavis posted a video

Passing Strange- Keys/ It's Alright

I do not own the rights to this video... But it is Helluva awesome.
Wednesday
Doc Vega posted blog posts
Wednesday
Doc Vega posted a blog post

Through Her Disguise

I know that a lot of times in my articles it might seem that I'm down on women a lot from a man's…See More
Tuesday
Burbia posted a video

Soros Will Never Recover..Elon AIR The whole Thing

The view on TRUMP protests as people are Democrats..CLOWN SHOW: Cory “Spartacus” Booker went on The View to take a victory lap for joining the Soros-funded a...
Tuesday
Burbia replied to cheeki kea's discussion Tartaria
"If this was a universal language, it might be regarded as a time going back before the Tower of…"
Tuesday
Burbia commented on Sandy's photo
Thumbnail

FB_IMG_1744012893167

"I was waiting for a trail of death to meet between Vancouver Canada and San Francisco California…"
Tuesday
Twin City Security Fort Worth updated their profile
Monday
Doc Vega posted blog posts
Monday
Sandy posted a photo
Apr 7

© 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