[P2P-F] "Currency Wars" ?

[Natalie Golovin]

Rikards is excellent. He’s also very Christian and a Goldbug. Kudos 4 being broad-minded.

From: Dante-Gabryell Monson 
Sent: Thursday, November 10, 2011 3:52 PM
To: econowmix at googlegroups.com ; p2p-foundation 
Subject: [P2P-F] "Currency Wars" ?

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

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

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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