Move Over Yen, PBOC's Desperate Commercial-Led Rescue A Dismal Failure As Yuan Strikes New Low. Why?
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You can't understand what these currencies are doing or why their simultaneously crashing matters from the badly outdated, horribly ill-conceived mainstream Economics approach. It starts with what a reserve currency is and is supposed to do; and that isn't pricing oil. China is suffering a massive dollar problem - which means it is our problem, too. CNY DOWN = BAD applies to all of us.
Video Length: 00:21:50
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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...
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