There's a lot of talk about currency wars these days, but very little understanding about what that means for specific countries, economic growth, inflation, and your pocketbook.
Let's fix that.
First of all, there has been no declaration of any currency war. And there likely won't be.
That's because open currency warfare could quickly lead to a mushrooming global crisis.
But that doesn't mean countries aren't already engaged in currency battles; they are. They almost always are.
Here's an over-simplified explanation about how currency wars affect you.