[P2P-F] "Currency Wars" ?

Fri Nov 11 00:52:08 CET 2011

http://www.youtube.com/watch?feature=player_profilepage&v=rAPM7syIcts#t=1040s

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... "

http://en.wikipedia.org/wiki/James_G._Rickards

http://www.amazon.com/Currency-Wars-Making-Global-Portfolio/dp/1591844495/ref=sr_1_1?ie=UTF8&qid=1314198116&sr=8-1

SDR :

http://en.wikipedia.org/wiki/Special_Drawing_Rights

///

http://en.wikipedia.org/wiki/Currency_war

*Currency war*, also known as *competitive devaluation*, is a
condition in international
affairs <http://en.wikipedia.org/wiki/International_relations> where
countries compete against each other to achieve a relatively low exchange
rate <http://en.wikipedia.org/wiki/Exchange_rate> for their own
currency<http://en.wikipedia.org/wiki/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 <http://en.wikipedia.org/wiki/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.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: https://lists.ourproject.org/pipermail/p2p-foundation/attachments/20111111/8d894ce2/attachment.htm 