Guest Post By Bill H.
The G-20 met this past week and issued statements warning against “currency wars”. But what is it that they are really saying? In reality they are warning against trade wars because we know what these ultimately lead to…real wars. But what is the alternative for countries like Japan? They have levered their economy to the hilt at the behest of U.S. and IMF rocket science economists and their market share has shrunk.
If they don’t knock the legs out from under their currency they will watch deflation set in further and bury their economy and financial system.
I’m just throwing these little “realities” out there because the “math” doesn’t add up. It doesn’t add up for individual budgets any more than it does for sovereign nations which is why the heads at the G-20 are screaming bloody murder. They are fighting over the crumbs of a pie that is no longer growing and the result is always the same, a transfer of wealth will occur.