Tag Archives: Crisis

The Currency War Begins, What Will It Lead to Next?

Trade and currency wars can lead to a hot one fast!

From Zerohedge…Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods.

Meanwhile, resorting to its old, tired and worn out tricks, Dow Jones reports that the PBOC will crack down on short-term Yuan speculation, and anchor market expectations.

Which is great… if only the PBOC didn’t say exactly the same back in May, when it warned currenct traders that  those “shorting the yuan will inevitably suffer from a huge loss.

Three months later, it’s currency traders 1 – Beijing 0.

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Update 1 – China is firing all the big guns tonight, because just an hour after Beijing effectively devalued the yuan, when it launched the latest currency war with the US, Bloomberg reported that the Chinese government has asked its state-owned enterprises “to suspend imports of U.S. agricultural products after President Donald Trump ratcheted up trade tensions with the Asian nation last week.”

China’s state-run agricultural firms have now stopped buying American farm goods, and are waiting to see how trade talks progress.

Translation: trade talks, even the fake kind, is now over, dead and buried, and the only question is how Trump will react.

For the rest of the story, go to Zero Hedge HERE.

Are You Prepared? The Food Crisis of 2019 is Here!

The evidence can’t be ignored by mainstream media any longer. The United States has a major food crisis brewing as we head into the summer of 2019. Just search the hashtag #noplant2019 and you’ll soon see what I’m talking about. The crops just aren’t getting planted and the ones that have been aren’t doing well and aren’t expected to produce much.

Keep in mind that the “Ebola pig virus” is running rampant in China and also much of Asia. I’ve seen this first hand when I was out buying pork chops last weekend. The video below gives you a quick summary of what’s going on with our crops.