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Chinese Currency Devaluation
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The Chinese are devaluing their currency
The GOP says Chinese are the worst manipulators.
That’s not true, the US is.
The Japanese and Europeans countries aren’t far behind
The US is worse, because when the FED does things it sends shock wave through the global economy
There is very little private sector growth in China, most are government run companies.
This is a russian roulette of currency devaluation. Everyone knows the global economy is on a death spiral, so they are coordinating their devaluations to keep the boat afloat as long as possible.