The so-called 'economic cycle' is only due to the control of loans by several bankers, including manipulation of quantity of currency, interest rate, derivatives. Also, 90% of overall foreign exchange transactions and large part of commodity market are based on speculation and thus the prices and exchange rate are actually determined by some powerful bankers, instead of real economic situation or actual purchasing power of countries. When currencies are undervalued, that can reduce purchasing power of citizens and reduce internal consumption. The breakdown of gold or silver based currency system seriously disturbs normal international trade and current account balance. This also contributes to rapid expansion of income gap among individuals and countries.
http://www.ritholtz.com/blog/2013/10/currency-markets-are-rigged-2/?fb_action_ids=578672548856877&fb_action_types=og.likes&fb_source=hovercard
http://www.ritholtz.com/blog/2013/10/currency-markets-are-rigged-2/?fb_action_ids=578672548856877&fb_action_types=og.likes&fb_source=hovercard
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