It's war by other means. With the Bank of Japan now buying government bonds and targeting an inflation rate of 2%, a global race to the bottom is on again. Along with the Fed's commitment to "quantitative easing" and the ECB's promise to buy dodgy Mediterranean economies' bonds, Japan's latest move has sparked new fears of a currency war. Like any other war, this one won't end well, either. In fact, this same scenario played out in the 1930s, and the chances of another nasty outcome are quite high. However, the mathematical reality is that the world's major currencies can't all be catastrophically weak against each other. It's impossible. But the winner may surprise you. Because as this skirmish unfolds, it is the U.S. Dollar that will likely maintain its value against desperate contenders like the yen, the euro and the pound. At the moment, those are the currencies that look distinctly unlikely to hold their own against the greater realities. Here's why, starting with the yen. To continue reading, please click here...