individual currencies they cannot change the exchange rate and that is a very important gleeson d.-u. a crisis that is persisting and indeed potentially deepening martin and it's are too much liquidity out there i mean i need to throw in the right and go first go ahead and at this point go ahead ed. i believe the entire world is in stagflation i mean we have lots of printing of money we all know that the cost of goods or our you know the prices going up from dramatically in the united states they do all horrible job of measuring the cost of living increase they have the c.p.i. number that's manipulated has been since the early one nine hundred eighty s. and we have very high unemployment around the world as you just said we have it in europe and it's not getting any better quite frankly it's getting worse and you know the question isn't so much protectionism it isn't. so much as you said in europe you know currency war we just see printing of money devaluing of all currencies you see venezuela devaluing their currencies will probably start to see other countries raise out of there ar

individual currencies they cannot change the exchange and that is a very important gleeson d.-u. a crisis that is persisting and indeed potentially deepening martin and it's are too much liquidity out there i mean i need to throw in the right you go first. at this point go ahead ed. i believe the entire world is in stagflation i mean we have lots of printing of money we all know that the cost of goods or our you know the prices going up from dramatically in the united states they do all horrible job of measuring the cost of living increase they have the c.p.i. number that's manipulated has been since the early one nine hundred eighty s. and we have very high unemployment around the world as you just said we have it in europe and it's not getting any better quite frankly it's getting worse and you know the question isn't so much protectionism it isn't. so much as you said in europe you know currency war we just see printing of money devaluing of all currencies you see venezuela devaluing their currencies will probably start to see other countries to raise out of there are good an