{"id":36068,"date":"2018-07-20T06:37:44","date_gmt":"2018-07-20T11:37:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=36068"},"modified":"2018-07-20T06:37:44","modified_gmt":"2018-07-20T11:37:44","slug":"china-weaponizes-yuan-weakens-fix-by-most-since-2016","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=36068","title":{"rendered":"China “Weaponizes Yuan” – Weakens Fix By Most Since 2016"},"content":{"rendered":"
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China “Weaponizes Yuan” – Weakens Fix By Most Since 2016<\/span><\/a><\/h3>\n<\/div>\n
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On the heels of its ‘stealthy’ easing<\/a>.. and not so stealthy:<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n

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In the past 48 hours China has:
\n– Cut its 7-day Treasury rate by 103bps
\n– Launched quasi QE
\n– told banks to flood the system with liquidity
\n–\u00a0Sent the Yuan tumbling
\n– Warned more easing is coming<\/p>\n

9:50 PM – Jul 19, 2018<\/a><\/time><\/div>\n<\/div>\n
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The PBOC just lowered the ax on the Yuan Fix – slashing their reference rate by the most since June 2016<\/strong>.<\/p>\n

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Offshore Yuan is tumbling to new cycle lows<\/strong> after the fix…CNH is down over 1250 pips this week – the biggest weekly devaluation since August 2015’s plunge.<\/strong><\/p>\n

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President Trump is gonna be pissed!!<\/p>\n

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Will China’s chaotic capital markets ripple across the world?<\/p>\n

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Yen just snapped stronger…<\/p>\n

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The Indonesian Rupiah tumbled 0.5%, and gold is falling…<\/p>\n

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As we concluded previously,<\/a> so how long before the trade war, which is already shifting to a currency war as a result of the recent record devaluation in the yuan, morphs into a central bank war<\/strong> and a renewed race to the bottom between the world’s two most important economies? .. or worst still as Bannon suggested, a kinetic war.<\/p>\n

Russia is an annoyance. China is our great challenge. <\/strong>Russia’s economy is the size of Texas or New York State? It’s got lots of nuclear weapons…but in today’s warfare…nuclear weapons are taking a less important role. Trump is trying to end the Cold War and the Korean War…and all he is getting is grief from the globalists.<\/p><\/blockquote>\n

And that’s a huge problem, because not only are we adversaries with China, we are at war with China,<\/strong> Bannon said.<\/p>\n

We’re in a war with China. Ray Dalio tweeted the other day. <\/strong>There’s three types of war: information war, economic war, and guns-up kinetic war.<\/strong> They’ve been at war with us for 25 years. Many people in this room have exacerbated the rise of China.”<\/strong><\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n

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China “Weaponizes Yuan” – Weakens Fix By Most Since 2016 On the heels of its ‘stealthy’ easing.. and not so stealthy: In the past 48 hours China has: – Cut its 7-day Treasury rate by 103bps – Launched quasi QE – told banks to flood the system with liquidity –\u00a0Sent the Yuan tumbling – Warned […]<\/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":[130,2160,951,2590],"class_list":["post-36068","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-china","tag-chinese-yuan","tag-currency","tag-devaluation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36068","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=36068"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36068\/revisions"}],"predecessor-version":[{"id":36069,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/36068\/revisions\/36069"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}