In A Currency Tug-Of-War, The U.S. Dollar Loses

For now, we have been saved by the distractions of European debt default, and the simultaneous devaluation of the Euro, among others. The guillotine comes down, though, when the illicit money creation of the U.S. for itself and Europe eclipses the debt instability of the EU, and markets the world over see which way the winds are really blowing.