Devaluation underway as of October 2010

OCTOBER FLASH ALERT -- Countries nationwide continue to competitively devalue their currencies and this has important implications for everyone's financial security.   Jim Rickerts gives us thoughts to consider in this interview with King World News soon to be released:

“What is a currency war?  What they mean is each currency is trying to devalue against all of the others.  They all want to devalue but they can’t, it is a zero sum game.  Some people can devalue some of the time, but not everyone can devalue all of the time.”
 

“What is the solution?  The solution is to identify a store of value that everyone can devalue against all at once.  And there are two obvious candidates.  First is gold, and second it to invent a currency.”  

“The preference of central banks is to invent a currency such as the SDR or the Bancor.  But, the market’s preference seems to be for gold.  So the currency war comes down to a race between gold and the new paper currency.  Who will win?”

Who, indeed.