The three largest economies of the world are the U.S., China, and Japan.
The U.S. is effectively printing dollars to combat deflation. No one calls it printing money. It's called maintaining the Fed balance sheet. It's the same thing, i.e. insert cash into the economy that would not otherwise be there.
BOJ and the Japanese government went a little farther this week and it's pretty much printing yen as a counter to worldwide deflation. This is basically called protectionism.
China needs to do nothing unusal since they already have a continuous currency protection program.
The Euro valuation has already caused huge U.S. equities market loses in 2010 and will continue to do so.
Nations have begun currency wars. There are plenty of ways to lose money at the present time but also some intelligent ways to make money. Don't get left out.
