Currency Wars Part I - The Belligerents

An Old Game but in a New World of:

• Unprecedented Sovereign Debt Levels
• Historic Total Global Debt Levels (Public & Private)
• A Modern Global Fiat Currency Regimes
• Untested "Unlimited' / "Uncapped" Monetary Policies
• Trade Restrictions of the World Trade Organization (WTO)
• Interconnected, Globalized Dependencies

The Belligerents:

How They Tip Their Hand

1. FINANCIAL REPRESSION: Have Negative Real Interest Rates
2. INTERVENTION: Intervene the Most in Foreign Exchange Markets
3. MOTIVES: Gain the most from a Weak Currency (Debt AND Trade Deficit Levels)

Who Are They

• The Currency Cartel
• Control over 90% of Globally Exchanged Currencies
• The Greatest Rates of Debasement

Part I: The Belligerents - with special guest John Rubino
Author of Dollar Collapse with James Turk

20 Minutes, 25 Slides