G-20 Draft Affirms Vow to Avoid Competitive Devaluations

The G-20 continues to jawbone against competitive currency devaluation.  Yet, member central banks are furiously engaged in a currency war, with QE to infinity.  And Bloomberg happily and complicitly reports the G-20's pledge to avoid a currency war.  You know the status quo is getting desperate when they resort to outright lying.

http://www.bloomberg.com/news/2013-04-18/g-20-draft-affirms-commitment-to-avoid-competitive-devaluations.html

Competitive devaluation: friends bickering

Even our "friendliest" trading partners get it. Our not-so-friendly partners have understood it for years. Time for US leaders to get it.

http://dollarcollapse.com/uncategorized/competitive-devaluation-stage-1-friends-bickering/