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.
Showing posts with label market forces. Show all posts
Showing posts with label market forces. Show all posts
Monday, January 11, 2010
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