Posted on 23 January 2012 by Sara Haimowitz.
The following is a clip from the Dylan Ratigan Show
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China “rigging it currency to our” in infringement on U.S. sovereignty.
Prior to the 1070s, trade wars were primarily fought using tariffs with only goods directly or indirectly subject to tariffs being affected. With the advent of floating rate currencies, trade wars are, to a greater degree, fought in the currency markets with the prices of many more goods and services and a wide array of assets, liabilities being affected. Asset allocation to currency hedges like good and silvers drain capital from economically productive initiatives and result in sub-optimal global growth.
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