Will Currency Wars End With A Return To The Gold Standard?

Submitted by Tyler Durden on 02/12/2013 - 10:57

Concerns about the devaluations and the growing risk of a severe bout of inflation have led to calls for a return to fixed exchange rates and a gold standard. Bloomberg’s Trish Regan and Adam Johnson interviewed TCW Group’s Komal Sri-Kumar and Bank of New York Mellon's Michael Woolfolk about the risks from currency wars on Bloomberg Television's "Street Smart." Trish Regan asks whether there is a danger that “we have massive inflation worldwide for years to come?” The answer is yes and both agree that inflation is a real risk as is a loss of credibility by central banks.