Sadly, fraud has become a way of life for Western governments since they were first seduced and then enslaved by the multinational bankers. "Competitive devaluation" itself is nothing but a massive sham, with absolutely no economic validity whatsoever.
To begin with, there has never been a period in history where the global economy has been able to "stimulate" itself with "rising exports." However, this is the stated and only goal of competitive devaluation. The reason it is a complete fraud is because again as a matter of arithmetic, trade is a "zero sum" game. For every trade surplus there must be a corresponding trade deficit.
Furthermore, as a matter of simple arithmetic, you can never create an economic advantage in trade simply by devaluing your own currency. Mathematically, the gain in exports can never equal the collective reduction in our standards of living which is the obvious consequence of driving-up prices. Making everyone substantially poorer so that a small portion of the economy can be "stimulated" is just more economic suicide.
Economic health can only occur as a combination of two components: a robust domestic economy and responsible fiscal management. Our traitor governments have given us the exact opposite: destroying the health of our domestic economies, while engaging in the most irresponsible fiscal management in human history. And now these despicable charlatans seek to hide their previous crimes by simultaneously cranking-up their printing presses.Their fraud has now entered a new realm: blatantly stealing from those nations in the world which are still productive. It was bad enough when these bankrupt debtors were merely buying their products with their near-worthless paper. However, while Western deadbeats continue to willfully drive down the value of their own paper, and thus the real value of their mountains of debts, they now want to steal commodities. Western governments, most likely with aid or least consent of China and Japan, are fraudulently manipulating commodity markets so that they can make their paper worth less when it comes to paying off their debts, and worth more when they are buying commodities with that same paper.