Early Market Update and Mnuchin's Threat to Cut off China from U.S. Financial System.
In this report i cover the market action from London on Wednesday, September 13th, 2017. I also talk about the threat delivered to China by the U.S. secretary of the treasury, Steve Mnuchin, to cut China off the SWIFT dollar system.
The U.S. still believes it can dictate terms to the world. Where is there any backing to their threat? I believe their ability to police the world is over.
I tend to think that this North Korea question is being used as an excuse just like Brexit for a massive dollar devaluation and inflation as all the dollars exported abroad over the last decades come home. The US government and the Fed will be able to shift the blame to China and North Korea.
Competition is always good. Bring it on..
Very informative. I really enjoyed it. Do you think that the US understands there actions and by shutting china off from the financial system china would react in a certain way.
I believe The US needs to get off the dependency on china and get back to being an industrial nation.
People need to work and what better way than to become independent and make steel, and cats and the parts as well as everything else.
We've become a service oriented nation, and this has to end, or we will never be independent.
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Thanks for the video. :D