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
Look at the U.S. Dollar skyrocketing against all other currencies:
It has long bee said that a westerner cannot think like the Chinese do. That may be true, but the coming (or aleady here) Economic War with China has been talked about for the last several years.
IMO, China has ONE YEAR LEFT to complete it’s expansion initiatives, before America has real leadership again.
The combination of a weakening economy, and Donald Trump’s anti-China bluster is probably pushing them to move to Economic War.
It’s LONG been said that China could single-handedly crash the US Economy by driving the Dollar sky-high, the uncoupling from it, sending the USD into freefall.
Then they start selling the treasuries.
Game over...
Welcome to Zimbabwe/Weimar Republic style-inflation, American Idiocracy-Style.
While we’re wallowing in the economic riots, they consolidate the China Seas.
What is a currency devaluation and how does it affect first the domestic and then international marketplace?