Skip to main content
Black Listed News

The Global Currency War Is Escalating

Published: February 6, 2013
Share It | Print This


Source: Washington’s Blog

According to numerous high-level insiders, we’re in a dangerous global currency war:

Actually, we’ve been in a global currency war for years.

As the Wall Street Journal asked in 2010:

Beggar-thy-neighbor currency devaluations proved ruinous for the global economy in the 1930s. Is the world setting off down the same slippery slope again?

Yes, we are.

Indeed, Japan’s escalation of the currency war has caused leaders in the Eurozone, Norway, Sweden, South Korea and many other regions to consider further devaluing their currencies.

(And James Rickard and Reggie Middleton think that Germany’s demand for its gold is part of the currency war.)

And it’s not just conservative voices such as the Journal slamming the currency wars. For example, former Secretary of Labor Robert Reich points out that a weak dollar makes everyone poorer, and any new jobs created by a a policy of devaluation are low-wage jobs.

Share This Article...



Subscribe To Updates
Blacklisted Newsletter
Blacklisted Radio
Blacklisted Nation
On Twitter
On Facebook
The DoomCast
Podcasts on Demand
Podcasts on Spreaker
Podcasts on Youtube
Podcasts on iTunes
Podcasts on Stitcher
Podcasts on Tunein
Podcasts on Roku

Support Us
Donate Today!

Affiliates
Shop Amazon
Golden Eagle Coins
6 Dollar T-Shirts
DHGATE.COM
The Ready Store
Onnit Labs
Audible Audio Books
Blue Host




BlackListed News CC 2006-2014