[tcrlaf]

Is the plan to send the U.S. Dollar sky-high, into orbit, and then crash it??

There is NO WAY, no matter how desperately the FED wants to raise rates, (so Democrats can campaign on The Great Economic Recovery!!") that they can do it under these conditions, it seems.

[The Ghost of FReepers Past]

I wonder the effect raising rates would have on the national debt. Admittedly I am not an expert on how the interest portion of that debt works.

[aposiopetic]

China’s devaluation couldn’t come at a worse time for Argentina - about a quarter of the country’s $33.7 billion of foreign reserves are now denominated in yuan, which suffered its biggest loss since 1994 on Tuesday

An occasion for regime change in Argentina, one would hope.

[Democrat_media]

The dollar IS going sky high. China and all the countries in the world are RAPIDLY devaluing their currencies. Only Trump is talking about this and against China.

China is waging a currency war against the USA:
http://www.marketwatch.com/story/how-the-dollars-rise-led-to-the-yuan-devaluation-2015-08-11

http://www.marketwatch.com/story/china-could-trigger-the-biggest-financial-rout-since-2008-2015-08-12?mod=MW_story_top_stories

Look at the U.S. Dollar skyrocketing against all other currencies:

[Bobalu]

This is making Trump’s statements re Chinese currency manipulation look very prescient!

It’s like he has a crystal ball or something :-)

[jimjohn]

So call me crazy but China deliberately starts devaluing its currency and all of a sudden something goes boom in a major Chinese port city. Yeah, probably just a coincidence.

[SeaHawkFan]

My takeaway from this is that the Chinese government is losing all control of the economy and a severe depression in China will be unavoidable.

Oil prices are low now, and they will continue to go down. Oil under $40/bbl is likely later this year.

[Jack Hydrazine]

Dollar Bubble Set To Burst As China Devalues Yuan
https://www.youtube.com/watch?v=hoe5WVJxnCI

Andy Hoffman-Something Gigantic & Horrible Happening This Year
https://www.youtube.com/watch?v=sTvczO4Bo60

[1010RD]

Argentina, another centrally planned economy, hitched its horse to the wrong cart.

[CodeToad]

Smart move. Capitalizes China. Cheaper costs in China means incentive to buy Chinese. Puts some foreign companies out of business. Establishes supply chains to China. Later, raise currency valuations.