The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label thailand. Show all posts
Showing posts with label thailand. Show all posts

Saturday, August 15, 2015

China’s devaluation just the start as countries rev up for next leg of currency war

The currency war in the global financial system has been going on at varying strengths since 2009, and in full gear since 2013 thanks to Japan and Abenomics.  However, with the world’s most important industrial economy showing signs of a severe crash, or at the very least an acute slowdown, China’s new devaluation policy is expected to ratchet up the currency wars to a whole new level.
For years the Chinese Yuan has been pegged to the dollar, and has ebbed and flowed as the dollar both collapsed between 2008-2009, and strengthened to its current level of 96 over the past year.

But with deflation and a slowdown in consumer spending signaling that the world is now in a new recession, China had to act to protect their lifeblood of production against a myriad of economies that have already devalued their currencies multiple times in the past three years.

Read more on this article here...