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Bullets, Beans


Wednesday, 7 December 2011

Third currency war to take world back to gold standard?

"Currency War, as a consequence of an unhealthy state of the global economy, will undoubtedly be continued in 2012. The fact is that the much-praised concept of liberalization of markets makes it impossible to maintain national markets through protectionist measures and direct subsidies of domestic producers. In times of crisis, countries simply need to save their markets, therefore the only "legitimate" measure left is currency devaluation," Elena Turzhanskaya, a senior analyst of Kalita-Finance told

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