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John Rubino – Welcome to the Currency War (Part 22)

Source: FinancialSurvivalNetwork.com

John Rubino returns…

Not so long ago, a big Chinese currency devaluation seemed both inevitable and imminent. The story went like this: China had borrowed tens of trillions of dollars in response to the Great Recession and squandered much of it on uncompetitive factories and ghost cities. 129 more words

Financial/Societal Collapse And Dependence

Welcome To The Currency War, Part 22: China Devaluation Watch

Source: Dollar Collapse, by John Rubino

Not so long ago, a big Chinese currency devaluation seemed both inevitable and imminent. The story went like this: China had borrowed tens of trillions of dollars in response to the Great Recession and squandered much of it on uncompetitive factories and ghost cities. 863 more words

Financial/Societal Collapse And Dependence

UAE Banker Warns of US Dollar Shortage.

Bloomberg has reported today that a UAE banker has warned about the tightening liquidity (linked to the Fed. Reserve’s December ’15 rate hike), and the short supply of US Dollars.   279 more words

Geen Categorie

Currency Depreciation and Monetary Expansion Redux

Last week Frances Coppola and I exchanged posts about competitive devaluation. Frances chided me for favoring competitive devaluation, competitive devaluation, in her view, accomplishing nothing in a world of fiat currencies, because exchange rates don’t change. 2,209 more words

Currency Manipulation

Exposé of Hong Kong Riot

If you understand Cantonese, my brother has done an excellent analysis of the factors behind the riot in Mongkok, Hong Kong during Chinese New Year (Part 8). 64 more words

CHINA - The Next Soros Bad Boy!

Soros has de-graced himself further by declaring a financial war on China. After heating up and then collapsing the economy in Brazil, over-throwing the government in Ukraine, prodding the Arab Spring, and instigating a personal vendetta against Russia, he has set his sights on China. 623 more words

Politics

A calamitous misadventure

The world’s central banks should take a deep breath and step back from the calamitous misadventure of negative interest rates.

Whatever theoretical profit can be mined from this thin seam, it is entirely overwhelmed by the slow ruin of the banking system. 213 more words

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