The currency wars are ON!!!! All of the industrial nations are now engaged in currency wars with each trying to lower their currency opposite the others. If we lower our currency we can sell more of our product at lower prices in foreign markets. Yahoo! The long term result will be that chaos will ensue. The short term result is that commodities will soar in price. In the United States, all the Social Security recipients will not receive enough in monthly payments to buy their food as that food (processed agricultural commodities) will be too expensive. The housing prices will stop going down and that crisis will disappear with only a whimper as the people see inflation arriving just in time to start pushing house prices up and up and up.