I've watched some interviews with Mr. Jim and they can make big impression, this person is great speaker. The idea of looking at the monetary policy from different perspective is really worth to analyze. Monetary policy in current economic environment doesn't work in very casual way, as the world economy is still in undesirable equilibrium. OMT in EU and QE in USA are tools that can be seen as a modern solution for current troubles, and adtionally, Japan path shows that deflation trap could be very serious problem. There are many acpects of this discussion and one conclusion is coming out from it. Mr. Jim is supporter of going back to the gold standard, and this seems to be a little bit controversial, but ... there is some reasoning behind that statement. Gold standard would be cure for currency war, that is a fact. However, politicians are denying the idea that there is any form of currency war now, so the problem can be smaller that Mr. Jim is claiming. It would be hard to imagine that any country would officially "start" currency war with any other country, as supervision from such institutions as IMF or WTO would play certain role here. This whole idea of blowing up the economy and going back to gold standard is black scenario, and it is rather nonprobable, as Japan shows that deflation trap is more serious problem, and G-8, G-20 meetings, IMF, WTO have some political power which can protect the world from currency manipulation.