{"id":23017,"date":"2017-02-26T10:22:46","date_gmt":"2017-02-26T15:22:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23017"},"modified":"2017-02-26T10:22:46","modified_gmt":"2017-02-26T15:22:46","slug":"back-from-never-gone-currency-wars","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23017","title":{"rendered":"Back From Never Gone: CURRENCY WARS"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2017-02-26\/back-never-gone-currency-wars\">Back From Never Gone: CURRENCY WARS<\/a><\/h3>\n<section class=\"messages-holder\"><\/section>\n<div class=\"tabs\"><\/div>\n<section class=\"node node-type-blog node-full node-nid-588980 ads-injected\">\n<div class=\"sub-title-box\"><\/div>\n<div class=\"content\">\n<p><a href=\"https:\/\/secularinvestor.com\/gold-guide\/\" rel=\"attachment wp-att-11231\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11231\" src=\"https:\/\/secularinvestor.com\/wp-content\/uploads\/2015\/05\/US-Dollar-Chinese-Yuan.jpg\" alt=\"US Dollar Chinese Yuan\" width=\"450\" height=\"300\" \/><\/a><\/p>\n<p>In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), the United States are less than happy as it weakens the position of the country on the export market.<\/p>\n<p><a href=\"https:\/\/secularinvestor.com\/gold-guide\/\" rel=\"attachment wp-att-112574\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112574\" src=\"https:\/\/secularinvestor.com\/wp-content\/uploads\/2017\/02\/china-4.jpg\" alt=\"China 4\" width=\"599\" height=\"278\" \/><\/a><\/p>\n<p>Source:\u00a0<a href=\"http:\/\/www.tradingeconomics.com\/united-states\/balance-of-trade\">Tradingeconomics<\/a><\/p>\n<p data-mediaconductor-processed=\"true\">You might have missed it when the mass media were falling over themselves to crucify president Trump, but we had the impression currency wars, and protecting the position of the United States on the world market were pretty high on his \u2018to do list\u2019 after decades of huge trade deficits. As you can see on the\u00a0<a href=\"http:\/\/danskeresearch.danskebank.com\/link\/ResearchChina210217\/$file\/Research_China_210217.pdf\">next image<\/a>, there clearly is a huge discrepancy in the trade numbers between China and the United States. A substantial trade deficit, which has been nipped in the bud by China using their hard dollars to purchase US Treasuries.<\/p>\n<div data-str-third-party-source=\"1bf58ab6\" data-str-mediation-key=\"646d1680\" data-str-placement-index=\"1\"><\/div>\n<p><a href=\"https:\/\/secularinvestor.com\/gold-guide\/\" rel=\"attachment wp-att-112575\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112575\" src=\"https:\/\/secularinvestor.com\/wp-content\/uploads\/2017\/02\/china-2.jpg\" alt=\"China 2\" width=\"592\" height=\"475\" \/><\/a><\/p>\n<p>Source: Danske Bank<\/p>\n<p>Whereas the president was definitely pointing fingers at China during his election campaign, he seems to have been softer after a recent call with the Chinese president.<\/p>\n<p>Does this mean the USA and China are now best buddies again? Probably not. It\u2019s far more likely the president has realized he won\u2019t be able to get much done when he gets in a direct confrontation with China. His staff has now launched a \u2018test balloon\u2019 and widened the scope of the currency manipulation investigation. Instead of singling out China, the White House will now be using a more general approach, and has even singled out Germany.<\/p>\n<p><a href=\"https:\/\/secularinvestor.com\/gold-guide\/\" rel=\"attachment wp-att-112576\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-112576\" src=\"https:\/\/secularinvestor.com\/wp-content\/uploads\/2017\/02\/china-1.jpg\" alt=\"China 1\" width=\"599\" height=\"335\" \/><\/a><\/p>\n<p>Source: Danske Bank<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Back From Never Gone: CURRENCY WARS In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[130,951,1098,14906,285,359,11136,827,14907,848,4318],"class_list":["post-23017","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-currency","tag-currency-wars","tag-euro-dollar","tag-eurozone","tag-germany","tag-secular-investor","tag-united-states","tag-us-white-house","tag-usa","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23017"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23017\/revisions"}],"predecessor-version":[{"id":23018,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/23017\/revisions\/23018"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}