Rotating currency devaluations by central banks

Central banks are coordinating rotating currency devaluations, Paul Brodsky says

Submitted by cpowell on Thu, 2013-01-31 22:54. Section: Daily Dispatches

5:50p ET Thursday, January 31, 2013

Dear Friend of GATA and Gold:

Paul Brodsky of QB Asset Management in New York today tells King World News that the world is experiencing "rotating currency devaluations ... coordinated by central banks." Brodsky adds, "There is no other choice, nothing else that can be done. Currencies must be destroyed through dilution, and debt must be shifted to central bank balance sheets where it can be left unmarked to amortize or default."

An excerpt from the interview is posted at the King World News blog here:

http://tinyurl.com/ar2569g

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.