As usual, Jim Rickards is spot on in his analysis of the ongoing currency wars. History shows that currency wars transition to trade wars, which transition to outright military conflicts in many instances. Let's hope history doesn't repeat itself with that last step.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/18_Jim_Rickards_-_Gold_is_the_Only_Winner_in_this_Global_War.html
Tuesday, September 20, 2011
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