One of the Greatest Failed Experiments in Economic History

ChrisMartensondotcom: The world's central banks embroiled in a "race to debase" their currencies in order to restore -- at any cost -- growth to their weakened economies says Jim Rickards.
In the midst of the fight, the US Federal Reserve wields oversized power due to the dollar's unique position as the global reserve currency.
As a result, actions by the Fed create huge percussive ripples across the battlefield, often influencing events in ways little understood by the players -- and especially by the Fed itself.

In Rickards' words, the policymakers at the Fed "think they are dialing a thermostat up and down, but they're actually playing with a nuclear reactor -- and they could melt the whole thing down".

Full description and comments at: http://www.peakprosperity.com/podcast... 

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