Why the West is Losing

The dollar was knocked down on Monday, apparently by the perception that BRIC countries would not be buying dollars to weaken their own currencies. This is of course a kind of knee-jerk professional trading reaction. But most traders work for big bank currency desks, so what can you expect? The currency marts themselves are entirely artificial entities; the idea is to give people a perception that fiat currencies are worth something – worth trading anyway. Sub dominant social theme: Take the