Tuesday, October 12, 2010

World Faces New Wave Of Currency Wars

Graphic: Trade between the US, China and the EU ZoomDER SPIEGEL
Graphic: Trade between the US, China and the EU

"An American bill imposing punitive tariffs on countries that undervalue their currencies is set to unleash a new trade war between the US and China. But in fact the whole global currency system is in a state of jeopardy. As confidence in the US dollar drops, private investors are putting their faith in gold."

Via Western Rifle Shooter's Association




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