Is The World About To Plunge Into A Financial/Currency War?

FILE PHOTO: U.S. dollar, euro and Swiss franc bank notes are seen in a bank in Budapest August 8, 2011. REUTERS/Bernadett Szabo

James Rickards, Daily Reckoning: Financial Warfare Is Real

In my 2011 book, Currency Wars, I gave a detailed description of the first-ever financial war game sponsored by the Department of Defense. This financial war game took place in 2009 at the top-secret Applied Physics Laboratory located about twenty miles north of Washington, D.C., in the Maryland countryside. 

Unlike typical war games, the “rules of engagement” for this financial exercise did not permit the use of any kinetic weapons such as bombs, missiles or drones. The only weapons allowed were financial instruments including stocks, bonds, currencies, commodities and derivatives. 

The game was played out over two days in the main War Room of the laboratory using six teams divided into the U.S., China, Russia, Europe, East Asia, and Banks & Hedge Funds. The contestants included about 40 players on the six teams and another 60 participants including: uniformed military, civilian defense officials, observers from the Treasury, Federal Reserve, CIA and other government agencies, think tanks, universities, and financial industry professionals. 

Read more .... 

WNU Editor: Financial warfare is happening right now .... Kremlin views sanctions against Nord Stream 2 as elements of hybrid warfare (TASS). 

Update: Here is a good analysis on why concerns that a financial/currency war may soon happen .... Analysis: Is a post-COVID currency war coming? ( Marc Jones, Elizabeth Howcroft, Reuters).

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