Wednesday, October 20, 2010

Copying what everyone else said last week and week before

Bank of England chief warns of 'currency war'

Bank of England governor Mervyn King has warned that tensions between countries over their respective exchange rates could degenerate into trade protectionism amid talk of a potential 'currency war'.

Posted by mark @ 09:11 AM (899 views)
Please complete the required fields.



One thought on “Copying what everyone else said last week and week before

  • The worship of free trade is something of a false god.

    I’ve long felt that a universal tariff between nations (even within the EU) is a more prudent approach; that the domestic supply of goods should be the default option.

    Excessive trade is not environmentally sound, causes economic stress when exchange rates alter, compromises food security, and periodicaly causes loss of employment through no fault of the workforce.

    I feel sure that a universal tariff of 20% on all trans-national movements of goods would prove its worth over the longer term.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>