Currency War

September 30, 2010

Central banks in Japan, Taiwan and South Korea have recently intervened to weaken the value of their currencies. Many experts believe that countries like South Africa, Switzerland and New Zealand have also taken less direct measures to do the same.

At the same time, gold prices are at all time highs and the US and China continue to rattle their sabres over the value of the Chinese Yuan. Goldman Sachs now considers the Brazialian Real the most overrated currency in the world.

Does all this mean the world is on the verge of a currency war? some think so and it has happened before with disastrous consequences. Tune in to hear how Senior Strategist Ib Fredslund Madsen breaks it down.