This is what happens when a currency is devalued.
http://www.reuters.com/article/idUSN096521320100109
Hint: currency debasement is occurring worldwide by sovereign governments, including the US. It's done by either market forces or by government mandate--or both. Either way, consumer purchasing power and wealth is destroyed, even as debts are deflated.
Monday, January 11, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment