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Currency Wars: A Race to the Bottom
Posted on 8/11/14 at 12:20 pm
Posted on 8/11/14 at 12:20 pm
LINK
quote:
“Printing dollars at home means higher inflation in China, higher food prices in Egypt and stock bubbles in Brazil. Printing money means that U.S. debt is devalued so foreign creditors get paid back in cheaper dollars. The devaluation means higher unemployment in developing economies as their exports become more expensive for Americans. The resulting inflation also means higher prices for inputs needed in developing economies like copper, corn, oil and wheat. Foreign countries have begun to fight back against U.S.-caused inflation through subsidies, tariffs and capital controls; the currency war is expanding fast.” – Jim Rickards, Currency Wars
Posted on 8/11/14 at 1:20 pm to SuperSaint
I think the US is setting the stage for another world war. Letting Putin do what he wants, the Middle East in turmoil, and currency wars worldwide. We are causing or allowing a lot of friction right now and I think our ultimate goal for our leaders behind the scenes is Workd War.
Why would they want this? Because it's our only way out of our own economic mess. Step into a major war and win it for our allies and then they are indebted to us. We would wipe out a lot of our outstanding debt in treaty negotiations. Foreign infrastructure would be damaged leading to more American manufacturing.
Why would they want this? Because it's our only way out of our own economic mess. Step into a major war and win it for our allies and then they are indebted to us. We would wipe out a lot of our outstanding debt in treaty negotiations. Foreign infrastructure would be damaged leading to more American manufacturing.
Posted on 8/11/14 at 3:15 pm to SuperSaint
Is this where nuts again claim hyper-inflation?
Posted on 8/11/14 at 4:53 pm to Tigah in the ATL
The CPI is distorted its best to go with your gut feel instead
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