Rikards is excellent. He’s also very Christian and a Goldbug. Kudos 4 being
broad-minded.
Financial War Game :
"Using Stocks, Bonds, Currencies and Derivatives to fight
a war... "
"Fiat - Organized theft, giving it to the elites"
"Europe can not pay its debt, but you can print some
SDR's... "
SDR :
///
Currency
war,
also known as competitive
devaluation,
is a condition in international affairs
where countries compete against each other to achieve a relatively low exchange rate
for their own currency.
As the price to buy a particular currency falls, so to does the real price of
exports from the country. Imports become more expensive too, so domestic
industry, and thus employment, receives a boost in demand both at home and
abroad. However, the price increase in imports can harm citizens' purchasing power.
The policy can also trigger retaliatory action by other countries which in turn
can lead to a general decline in international trade, harming all
countries.
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