What people fail to see is that the Federal Reserve started the currency wars by announcing QE2.
One could easily see this as the value of the Dollar dropped like a stone.
This way countries can devalue their money and ease their debt burden but other countries don't like it when their value of investments drop.

Now Europe's Euro needs to be brought down too because exports are going down for prices go up with a strong Euro and they desperately need a drop and at the same time not to make it seem like the currency wars are already in full effect for the sleeping masses.
Enter the PIGGS. They once again conveniently brought our attention to the PIGGS and suddenly the Europ starts to drop.

Don't feel bad, we all are being played for suckers but there is a real war raging in the backgrounds of society that most will miss out on.
Soon we will catch up to their little silly games and then they wille end.

Times are changing.