by Jim Rickards, Daily Reckoning.com:
Today’s currency war started in 2010. My first book, Currency Wars came out a little bit after that. One of the points that I made in the book is that the world is not always in a currency war but when we are, they can last for a very long time. They can last for five, ten, or even fifteen years — sometimes longer.
It’s really not a surprise that here we are in 2015 talking about currency wars because it’s the same currency war. A lot of what you read or see on the TV will be some policy move by, let’s say, Japan, to weaken the yen. And reporters will say: “There’s a currency war going on”, or “There’s a new currency war.” I just roll my eyes a little bit and think to myself, “No, this is the same currency war; it’s just a new phase or new battle.”
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