We live in interesting times. The financial crisis of 2008 led to rounds of central bank quantitative easing and interest rate cutting which were intended to bail out the financial system, increase spending and employment, and devalue currencies to make exports more competitive.
The competitive currency devaluations or ‘currency wars’ which began in 2009 now appear to be metastasizing into trade wars. As students of history will be aware, looking at the dark days of the 1930s, we should now be looking for signs on the horizon of an honest-to-goodness shooting war.
Certainly, the evidence coming from the Korean peninsula and Syria, where the U.S. and its allies are engaged in proxy conflicts with allies of China and Russia, is not encouraging in this regard.
If you want to learn more about such issues, please have a look at some recent articles I have written for the Pembroke, Ontario Daily Observer which have also been carried on the Mises Canada and Zerohedge websites.
All the best, and thank you for using the book.
