Keyword: currency speculation

Emerging Market Currencies under Attack by the Sharks of Capital

Picture: Ahmad Tamimi/Deviant Art Glenn Ashton - As an emerging market South Africa finds itself amongst a raft of emerging nations in increasing peril in the ocean of international currency markets, with value being speculatively eroded by the predator sharks of the casino economy. The prospect of rescue by capital institutions in the developed world appears slim. Instead commercial and central banks, along with institutions like the International Monetary Fund and World Bank, disinterestedly observe the carnage. It is unsurprising that...