For those readers seeking to find some distinction/demarkation point between "mere" competitive devaluation and the "currency war" our governments tell us they are not planning on having, we appear to have it. Competitive devaluation represented the era where our governments drove their paper currencies to zero (in economic/mathematical terms).
The Currency War represents the
One final warning. History also tells us that the final "crisis of confidence" that occurs when these paper currencies die is more often than not lightning quick. You go to sleep one night with "money" in your wallet, and you wake up the next morning with a pocket full of confetti.