Tuesday, October 23, 2012

The World Is Moving Closer To A Full-Blown Currency War Just Like The Great Depression of The 1930s

IMF efforts to intervene in the global currency war just struck out, according to breaking news from the AP.

The annual meeting in DC ended with no compromise or resolution, only a communique that pledged to “deepen” its work in the area of currency movements, including conducting studies on the issue.

This note essentially papered-over sharp differences between China and the US, according to the AP.

Here are some of the punches thrown earlier:
Story: http://investmentwatchblog.com/the-world-is-moving-closer-to-a-full-blown-currency-war-just-like-the-great-depression-of-the-1930s/

Full video can be found at: http://www.youtube.com/watch?v=fW3fZzfHEX4