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Re: Yuan devalued
Beijing was forced to act because the continuously surging dollar had been bringing the yuan along for an unwanted ride upward "By decoupling from the dollar now, China is sending a message that it may be prepared to let it fall later. This means that when the dollar starts to fall in earnest, China may not be there to… -
Re: Yuan devalued
Found this on a blog I read. For our resident conspiracist: Yuan devaluation and PM soaring explained: besides of course cycles etc.etc. China’s decision to devalue the yuan stunned investors and analysts around the world. They are especially surprised that gold and silver — unlike every other commodity — are soaring on…
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