Wednesday, October 06, 2010

CNN.com - IMF chief warns on exchange rate wars
CNN reports: "Governments are risking a currency war if they try to use exchange rates to solve domestic problems, the head of the International Monetary Fund has warned."

Comment: The post-WWII international currency exchange system is under severe strain, this can lead to increased trade conflict, which can lead to military conflict, as well as calls to replace the current currency system with something entirely new.

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