breaking news

  • Toronto’s Yorkdale Shopping Centre – one of the busiest malls in the country – was packed with back-to-school shoppers when gunshots rang out Thursday afternoon, sending thousands of panicked customers ducking into clothing racks and running for safety.
  • About 84 per cent of the 4.6 million people who took part in the consultation ‘do not want the clocks to change anymore’
  • Palestinian leaders do not want to see any improvement in the lives of the Arabs in Jerusalem so that they can continue to incite against Israel and accuse it of discriminating against its Arab population.
  • Economic Doom Returns: Emerging Market Currencies Collapse To Record Lows As Global Financial Chaos Accelerates
  • Who is Pope Francis? Jorge Mario Bergoglio and Argentina’s “Dirty War”
  • Apocalypse Now ? : “And I saw a beast coming up out of the sea, having ten horns and seven heads…”
  • Many in Germany believe that if ‘push comes to shove,’ the US would not have the military capability to keep the Strait of Hormuz open. And in this case, the EU’s biggest economy could face an energy crisis.
  • “Iran’s continued support of the Hezbollah terrorist organization with both financial and political assistance, as well as weapons and tactical training, deserves close examination.

Magazine Covers

Magazine Covers
Live Radio
Subscribe Now

Magazine Covers

Magazine Covers

Zero Hedge : China “Weaponizes Yuan” – Weakens Fix By Most Since 2016 Profile picture for user Tyler Durden

July 19th, 2018 | by Richard Paul
Zero Hedge : China “Weaponizes Yuan” – Weakens Fix By Most Since 2016 Profile picture for user Tyler Durden
Business and Finance
0

Title

zerohedgelogo

China “Weaponizes Yuan” – Weakens Fix By Most Since 2016

by Tyler Durden
Thu, 07/19/2018 – 21:35

TwitterFacebookRedditEmailPrint

On the heels of its ‘stealthy’ easing, The PBOC just lowered the ax on the Yuan Fix – slashing their reference rate by the most since June 2016.

Offshore Yuan is tumbling to new cycle lows after the fix…

President Trump is gonna be pissed!!

As we concluded previously, so how long before the trade war, which is already shifting to a currency war as a result of the recent record devaluation in the yuan, morphs into a central bank war and a renewed race to the bottom between the world’s two most important economies? .. or worst still as Bannon suggested, a kinetic war.

Russia is an annoyance. China is our great challenge. Russia’s economy is the size of Texas or New York State? It’s got lots of nuclear weapons…but in today’s warfare…nuclear weapons are taking a less important role. Trump is trying to end the Cold War and the Korean War…and all he is getting is grief from the globalists.

And that’s a huge problem, because not only are we adversaries with China, we are at war with China, Bannon said.

We’re in a war with China. Ray Dalio tweeted the other day. There’s three types of war: information war, economic war, and guns-up kinetic war. They’ve been at war with us for 25 years. Many people in this room have exacerbated the rise of China.”

Pushing back against the notion that Trump lacks grand foreign policy vision, Trump, like Reagan, is trying to build a foreign policy behind American assertiveness and optimism. Furthermore, the notion that China has advantages over the US in a trade war is laughable; the US can – and will – win, Bannon said.

If they devalue their currency they’re just going to flood more dollars out. That’s what their own people think about their economy. We allowed them to take the South China Sea. Donald Trump is not going to back off this. Donald Trump is not going to blink. Victory is when they give us access to their markets.

This trade war is going to end in victory and what you’re going to see is a reorientation of the entire supply chain out of China.

But, we remind readers that ‘hope’ is not a strategy.

Leave a Reply

Media Inquiries: [email protected]
© 2018 Danielle Magazine. All Rights Reserved.