Perhaps historians will point to September 2010 as the start of WWIII - a war started as every nation began taking steps to out-devalue their currency (relative to the other nations).

Japan's intervention failed to get the Yen over 85, the Swiss are frantically selling to prop up the Euro, the Chinese insist on keeping the dollar up to ensure exports.

Brazil joined the fray to cheapen the Real this week, and QE2's debut in November will only mark the escalation.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8026324/Gold-is-the-final-refuge-against-universal-currency-debasement.html



http://www.ft.com/cms/s/0/33ff9624-c...tml?ftcamp=rss

Buy gold - things are going to get rough as the world tries to beggar-thy-neighbor.