US is the Enemy #1 for Global Economy - RT 101008

[Aaaaarrrrrrggghhh]

I am constipated today, it's China's fault.

[zuiprax]

And devaluing the currency that all the people in a whole country have to use to store wealth and as a unit of measurement and trade, doesn't help that country's economy. It may temporarily help exporters and banks, but it hurts workers and production for local consumption, and in the long run everyone is worse off as their savings are destroyed and they lose their jobs when the bust comes. Look into the austrian theory of the trade cycle.

[zuiprax]

@zuiprax (better known as the austrian theory of the business cycle*)

[zuiprax]

This guy is a total keynesian. Pegging all currencies together would be the paramount of globalization. It ensures that all currencies are devalued together. Which is happening anyway in most of the world.

[waldentree]

A world currency would be very stable. hmm

[deadeyedick1933]

@waldentree If you're for "free trade," why wouldn't you want stable currency relationships? How can the US freely export its wonderful consumer products while George Soros is conducting currency war against China? Oh wait, the US doesn't make consumer products, because we have free trade. And our only products are currency war and real war.