![\"\"](\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2011\/11\/World-Currencies.jpg\" "\\"World")
![\"\"](\"http:\/\/www.pgm-blog.com\/wp-content\/uploads\/2011\/11\/Gold-Silver-Platinum-Palladium.jpg\" "\\"Gold")
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Dear PGM CAPITAL<\/strong> Blog readers, Previously the shift of Economic Power caused a big war or was the consequence of big war.<\/p>\n Nothing has changed.\u00a0Currently\u00a0the fall of the West is causing the biggest war ever seen on this planet, with the difference that the ammunition for this war isn\u2019t bullets and bombs, but currencies.<\/p>\n The West is currently deeply\u00a0in\u00a0debt\u00a0of which\u00a0the debt of the USA and Japan is above 100% of their GDP. The other big industrial nations like United Kingdom, Germany and France all have a Debt to GDP of 80% or higher.<\/p>\n With\u00a0an\u00a0aging population\u00a0and\u00a0increasing interest payment, chances are that these debts cannot be repaid and can\u00a0only\u00a0be diluted via money printing and maintaining interest rates artificially low. These\u00a0measures\u00a0will stimulate inflation and will consequently\u00a0<\/strong>have a positive effect on their GDP and\u00a0will\u00a0<\/strong>subsequently\u00a0artificially lower\u00a0their Debt to GDP.<\/p>\n This means that the indebted countries are now in a race for which one can dilute its currency more, with the consequence that the world is now in a race to the bottom, because countries with strong currencies will be forced to either join this race or to peg their currency to a big (reserve) currency currently in the race to the bottom, in order to protect their export.<\/p>\n A consequence of the above is a Global Currency war. The question most people will ask\u00a0themselves\u00a0is:\u00a0if this is\u00a0true,\u00a0which currency will win this war?<\/p>\n The country \/currency that will win this war is the one that is able to dilute its currency more. In other words\u00a0the country that is able to create the most inflation will be the one winning the current global currency war. Inflation acts\u00a0as\u00a0<\/strong>a hidden tax on\u00a0<\/strong>the\u00a0population.\u00a0This means that in the current currency war, governments,<\/strong>\u00a0in order to win the war,<\/strong>\u00a0must shoot on their own population, which isn\u2019t a pretty picture.<\/p>\n During wars people\u00a0run to shelters for safety\u00a0when the bomb alarm goes off.\u00a0In this global currency war we must do the same by exchanging our FIAT Currencies for Gold, Silver, other precious metals and commodities,\u00a0which\u00a0cannot be printed or diluted by politicians and central bankers.<\/p>\n The problem with the above is that the supply of these precious metals and commodities\u00a0is\u00a0limited and when\u00a0the\u00a0<\/strong>panic hits and every body is running to the shelters, the prices of these commodities will shoot through the roof.<\/p>\n The consequence of this will be that at the end of the currency war, the world will be divided\u00a0into\u00a0those who own Gold, precious metals and commodities and those who don\u2019t.<\/p>\n Last be but not least, before following any investing advice, always take your investment horizon and risk tolerance into consideration and keep in mind that the price of Commodities as well as the stocks of their producers can be very\u00a0volatile and that sharp corrections might happen in the short term.<\/p>\n Yours sincerely<\/p>\n Eric Panneflek Dear PGM CAPITAL Blog readers, We are living in exceptional times and are now experiencing the fall of the once so mighty Western Nations (United States of America, Europe & Japan). Previously the shift of Economic Power caused a big war or was the consequence of big war. Nothing has changed.\u00a0Currently\u00a0the fall of the West[…]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,8,24,10,11,20,12,35,15,16,1,17,18],"tags":[],"class_list":["post-5492","post","type-post","status-publish","format-standard","hentry","category-commodities","category-debt-crisis","category-energy","category-eric-panneflek","category-euro","category-general-information","category-inflation","category-pgm-academy","category-pgm-capital","category-precious-metal","category-uncategorized","category-us-dollar","category-world-economic-outlook"],"_links":{"self":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/comments?post=5492"}],"version-history":[{"count":0,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/posts\/5492\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/media?parent=5492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/categories?post=5492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pgmcapital.com\/nl\/wp-json\/wp\/v2\/tags?post=5492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nWe are living in exceptional times and are now experiencing the fall of the once so mighty Western Nations (United States of America, Europe & Japan).<\/p>\n
\nChairman<\/p>\n","protected":false},"excerpt":{"rendered":"