IMF tries to prevent international currency wars

Scenarios: How the world can tackle skewed growth, FX tensions

 To read how the IMF will try to prevent a currency war click "Scenarios: " above. begin quote below:

Reuters) - Finance leaders are trying to reconcile their differences over deep imbalances in the global economy and reduce the risk of a currency war.
Talks at the International Monetary Fund this weekend will be taken up again in South Korea later this month by top finance officials from the Group of 20 advanced and developing economies and by G20 leaders in November. end quote.

When I look at what is presently taking place on earth, I see the chance of the IMF successfully handling this problem at about zero. The reason for this is organizations like the IMF and world Bank are set up for peace time mainly non-serious situations. However, the situation we are presently in internationally can only be solved in a grass roots way.(In other words the solution will only come from local, national and international grass roots movements). If it is handled in any other way there will very likely be bloodshed in a way not seen since the great depression and world war II.

So, the basis of correction in order to actually have any meaning to people on the ground everywhere must be based upon only "does everyone have enough food, clothing and shelter?" otherwise IMF policies will just tend to create multiple French Revolution type of scenarios worldwide because "top down" solutions simply will not work with so many variables happening worldwide at once. The changes going on worldwide are just so deep and fundamental that I believe nation states, governmental systems, business law, and civil law worldwide will have to change drastically in order to keep any order internationally at all both in the short run and the long run. So, I see problems successfully resolved will only come from grass roots changes worldwide. So, the nations most likely to survive the present onslaught are democratic in nature and who tend to  listen to the real needs of their people in the moment, short term and long term.  God help all the rest.