Currency war - Wikipedia, the free encyclopedia

Currency war - Wikipedia, the free encyclopedia: "Currency war, also known as competitive devaluation, is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency. As the price to buy a particular currency falls, so to does the real price of exports from the country. Imports become more expensive too, so domestic industry, and thus employment, receives a boost in demand both at home and abroad. However, the price increase in imports can harm citizens' purchasing power."

By the end there won't be a middle class left, it will have been squeezed out of its wallet.