China’s (not) SAFE
Few are paying attention to the CNY and how it is dropping.
Over the past two months, approximately $55 billion left China. This is taking a toll on the currency. The Chinese tried to prop the Yuan up with over $1 trillion. It is looking like this failed.
Nothing operates in a vacuum when it comes to currency. It is all inter-connected. The Yuam has an impact upon the Euro and the USD. Presently, the world is not looking at the shortage of dollars as people seek to get out of the Chinese currency.
This is something that is going to surprise many and will cause global problems.
Very true. Few people realize the impact of inter currency swapping. Especially USA.
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