"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Currency Wars May Lead To Trade And Then World Wars If You're Not Careful
Submitted by A. Magnus on Tue, 2015-10-06 23:00
"By playing with the debt ceiling Washington may accelerate the rise of a bipolar monetary order, American economist Samuel Rines notes, considering China's renminbi a "realistic" threat to the dollar. The US should be cautious about playing with the debt ceiling, Samuel Rines, an economist with Chilton Capital Management in Houston, notes, elaborating that it increases the risk of an accidental default."
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