Jim Rickards, advisor to the Pentagon and author of the famous book, "Currency Wars", speaks with Jim Puplava on Financial Sense Newshour to discuss the new age of global financial warfare and its potential outcome on savers and investors around the world.
currency is just a mean of exchange, today a billion dollar exist just because we got a million items from the lowest price to the highest price. a house can cost 10 million dollars, while a toy could cost just five. five dollars has the value of one million them you only need fifty dollars to buy a house that cost 10 millions. it is the distribution and who holds the highest number that makes the hierarchy, the problem is that now those that hold the hierarchy (power) do not understand the nature of the game, therefore they are destroying each others and the rest of us as well.
ReplyDeleteCurrency wars occur because nations have lost control of their tariff rights to balance their economies. Instead of rifle shot tariffs to adjust certain industries, devaluations of currencies affect everyone, raise the prices of imports, and spawn inflation. The fascist WTO should be abolished, tariff rights returned, and nations free to balance economies and globalize as they see fit. It is independence and economic freedom the ruling elites hate, and the banksters profit off of currency manipulations and chaos.
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