Welcome to the global currency war

Unlimited easing by the three major central banks opens the door to competitive devaluations and stagflation.

(From MSN Money)

Mark your calendars. Today is the day the global currency war broke out into the open. This after the Bank of Japan announced it would ramp up its monetary policy stimulus efforts — on an unlimited basis — until it achieves a 2% inflation target.

Click here for the story.