We all know that world stock markets are now falling like dominoes due to the sudden hike in oil prices thanks to US efforts to shove Muslim oil nations around. The common trick of the oil consuming super power which always drops the value of the dollar like a rock when oil goes up in price is causing the US itself to fall into the same stupid pit it fell into with each oil price hike due to wars in oil pumping areas. The US has raging inflation at home while international trade plummets. Today, we visit the BIS, Bank for International Settlements to see what is going on over there. The latest paper published by them concerns currency games. It is a weird study that has some unbelievable premises.
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