Emailed 12th August 2015
China devalues again
Yes – as I said be aware – very aware.
Do not trust any Government – the devaluation yesterday was a test.
China is caught in a useless loop. The USD keeps strengthening against all economic data and drives the Yuan even higher – yes they are pegged to the USD.
THIS WILL NOW ESCALATE – watch Bank of Japan and the Bank of Korea. Vietnam has no choice but to devalue its currency – it is not a matter of ‘if’ it is a matter of when.
Please remember the Asian financial crisis – all currencies took a battering due to the situation then – it is no different now – these currency wars WILL force monies into the USD.
Nothing can stop the flow on affect globally.
Smile this is history in the making – this IS THE END OF THE WORLD AS WE KNOW IT…
Sent from my iPad