12.05.2014 - Are Currency Wars Up Next?
The biggest problem in the world economy is that there isn’t enough demand out there, and there is more supply. The lack of demand has triggered a series of competitive currency devaluations, which the United States started. The devaluations, started all sorts of carry trades and capital flows from the United States to other countries, which is hurting exporters, reversing globalization, and will lead to deflation and the eventual end to fiat currencies. The world under the Gold Standard with fixed exchange rates was different. A government could just declare overnight that their currency has devalued against the price of gold 20%. Today, however, a government can’t just declare its currency devalued. They have to print money to devalue their currency, which is what has been going on...............................................Full Article: Source
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