Beggar Thyself

Unlike the 1930s when the theme of the day was "beggar thy neighbor", this time the emerging paradigm is "Beggar Thyself", coined by the Privateer's Bill Buckler, the term best describes the lunacy that has gripped the world.

Nations which will emerge the "strongest" from the current financial malaise are those succeed in devaluing their currency faster than any other -- a race to see who can come up with a worthless currency faster than anybody else.