Sweden cuts rates below zero as global currency wars spread

Morgan Stanley warns that the world is revisiting the “ghosts of the 1930s” as one country after another tries to steal a march on others by devaluing first

Sweden has cut interest rates below zero and launched quantitative easing to fight deflation, becoming the latest Scandinavian state to join Europe’s escalating currency wars.

The Riksbank caught markets by surprise, reducing the benchmark lending rate to minus 0.10pc and unveiled its first asset purchases, vowing to take further action at any time to stop the country falling into a deflationary trap. The bank presented the move as precautionary step due to rising risks of a “poorer outcome abroad” and the crisis in Greece.

‘Act of war’: U.S. general gives options for Syria military intervention

Should war break out against Syria, expect it to expand into a war with Iran, which means a regional middle eastern powder keg will explode involving nations such as Saudi Arabia, Israel and Lebanon. Retaliatory strikes by the regime would likely include, and not be limited to, domestic attacks on the US homeland. It’s well documented that Iran’s IRGC as well as handfulls of other known terrorist groups have thousands upon thousands of sleeper cells within America, all waiting for the green light. It will be far from pretty and America, to its own detriment, is not prepared.

Don’t forget about Russia and China weighing in, not necessarily militarily, but economically as well as a potential crippling cyber attack leaving the USA paralyzed and sent to the stone age. Should the Syrian regime use chemical weapons, it would likely be used against Israel — therefore, expect Damascus to be razed, thus fulfilling the Isaiah 17:1 prophecy.

The top U.S. general has set out five options for military intervention in Syria in a non-classified letter made public Monday.

Despite outlining the options, Chairman of the Joint Chiefs of Staff General Martin Dempsey stressed that the decision of whether to go to war was one for civilian leaders.

Why Worst Not Over for Europe: Canada Bank Official

Bank of Canada Governor Mark Carney warned on Saturday against an emerging consensus among delegates at the World Economic Forum in Davos that the worst of the euro zone debt crisis was over.

Carney said that tail risks — an unlikely event which could prompt a market sell off — are “still out there.”