It is interesting looking at the predicaments of various nations...

It is interesting looking at the predicaments of various nations and what has caused them to attempt them to force down their currencies.

For every winner there is a loser. One will succeed to devalue and another country won't.

Losers may feel disposed to create barriers to protect their exports; to protect their national employment.

Because China's currency is attached to America's this is where the wars will begin unless something comes out of the blue. China will fight to keep employment and fight hard. As stated in your interview they have a population spread whereby increasing unemployment will create civil unrest.

Gloves come off. Governments will do anything in severe situations.

Brazil has problems with China imports but Brazil exports commodities to China. China's imports to Brazil are debasing local industries and intermediaries (Malaysia) are used to dump Chinese goods in Brazil.

This could, for example develop into a viscous trade war. If that happens and China boycotts Brazilian IO (Vale) then China would secure supply from us.

In fact if there was (and probably will be) an international trade war there will be only a select handful of winners.

Australia will be one. That's great but remember that wars have happened as a direct consequence of trade barriers.

Ultimately then, we all lose.