Currency Manipulation……..Back In the Day

(1) I discuss how the U.S. + other powers like Nazi Germany have manipulated their currencies to prevent nasty inflation.

(2) It’s impossible to run huge trade deficits + not experience horrific inflation. However, there is a trick to avoid that and that is to have a warfare state.

(3) A warfare state allows some rich countries to manipulate their currency through sophisticated means.

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