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FSN: Currency Wars: “The Fed is Playing with a Nuclear Reactor”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Lauren Foster
CFA Institute
The United States is at war, but not in the conventional sense. There are no troops on the ground. There are no drone strikes. Instead, the weapon of choice is the US dollar and the “enemy” is America’s trading partners. Welcome to Currency War III.
That, at any rate, is James G. Rickards’s view of the world. In a presentation at the recent Global Investment Risk Symposium, Rickards, a partner at JAC Capital Advisors and author of Currency Wars: The Making of the Next Global Crisis, outlined the case for why the international monetary system is dominated by currency wars. He also argued that capital markets are complex systems that are bordering on a “critical state” and are “potentially prone to collapse” — and that the US Federal Reserve risks “melting down the system.”
Continue Reading at Blogs.CFAInstitute.org…
2013-04-04 01:47:46
Source: http://silveristhenew.com/2013/04/03/currency-wars-the-fed-is-playing-with-a-nuclear-reactor/
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