Currency Wars May Lead To Trade And Then World Wars If You're Not Careful

"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."