The monetary policy endgame
“Ironically, the beggar-thy-neighbor implications of competitive devaluations will almost certainly incite a response from countries who may not originally even have needed to resort to currency debasement in the first place, raising the potential for full blown currency war. How should one position for such an endgame?”
USAGOLD note: Reider, who is BlackRock’s Chief Investment Officer of Global Fixed Income offers a clue to resolving the endgame quandary: “The solution is to hold an asset that maintains its real value – an asset that cannot be printed.” Some solid logic and historical analysis at the link above. . .