Our relationship with our #1 debt holder is becoming very tense, this is one of the key relationships that could trigger a rapid decline in our economic state. If they decide to dump our debt, it would crash our dollar, and start a long chain of dominos…something to keep your eye on. Could this be the reason we do not see America in end times prophecy?
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China warns US against making yuan dispute a ‘scapegoat’ for a flagging economy
China has again warned the US not to use the dispute over the value of the Chinese currency, the yuan, as a “scapegoat” for its high unemployment and flagging growth prospects.
The artificially weak Chinese currency has become a political issue in the US where it is blamed for giving Chinese exporters an unfair advantage at the cost of US jobs. Photo: GettyThe remarks from China’s ministry of commerce came hours before the US was due to release a report on whether it considers China a “currency manipulator” as fears grow that tensions over the currency could lead to a protectionist trade war.
