This may lead not just to a currency war, but a shooting war: Brazil’s president-elect Dilma Rousseff put it even more bluntly late
last week: “The last time there was a competitive devaluation of
currencies, it ended up where it did, in the second World War.”
shar.es
President Obama's trip to India and how it might have stoked a currency and/or trade war with China is discussed in this essay.
1 comment:
The boy is clueless. Has anyone else noticed lately? The trips to India and Japan, but not China. China may have announced cutting us off from the money. There has been a lot of rumbling to that effect. Is Obama on his hands and knees begging other countries for money?
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