Feeds:
Posts
Comments

Posts Tagged ‘yuan’

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?

_________________________________________________________________

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.

China warns US against making yuan dispute a 'scapegoat' for a flagging economy. 

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: Getty

The 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.

Read Full Post »