The Specter of Protectionism: World Faces New Wave of Currency Wars - SPIEGEL ONLINE - ... - 0 views
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Giorgio Bertini on 05 Oct 10An American bill imposing punitive tarifs on countries that undervalue their currencies is set to unleash a new trade war between the US and China. But in fact the whole global currency system is in a state of jeopardy. As confidence in the dollar drops, private investors are putting their faith in gold.