Devaluation Stunner: China Has Dumped $100 Billion In Treasurys In The Past Two Weeks – GJM
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Plunge Protection Team Losing Control of Markets-Jim Sinclair – B.B.
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China’s economy, the world’s second largest economy only behind the USA, is tanking…
The Chinese are very well known for being hard-as-nails and sticking to the course, no matter how hard. When we see them capitulate and make a major move (panic?) in devaluing their currency, coupled with lowering their interest rates, we have to believe things are far worse than we know, and certainly worse than what our government would ever say, given that the Chinese tide also floats our boat these days.
There are stormy seas ahead, and it’s time to trim the sails and batten the hatches. Here is an article than may be of interest…The Truth about Currency Devaluation and Preparedness – S.E.
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CONDITION RED: The Financial System Is Now Out Of Control
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