Gordon Chang, author of "The Coming Collapse of China" and also columnist at Forbes.com explains why we are in a currency war and that our causing inflation may severely impact the economies of other countries through "QE-2". He believes that we should not be embarking on this level of currency manipulation in light of the affect on the dollar as well as other economies. The Fed's actions through "QE-2" or "Quantitative Easing II is basically allowing the Federal Reserve to print money to buy up other financial assets in the marketplace. Printing more money and pumping it into the marketplace will inevitibly cause inflation and weaken the dollar. Click here for a good explation from the Wall Street Journal on the concept of "Quantitative Easing" and potential implications for our economy overall.
And now, Gordon Chang on QE-2:
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