Well, again, Trump calls currency devaluation some kind of offensive move by China, when it actually is a sign of Chinese economic confusion. Money gauges economic strength like a thermostat gauges the temp. Changing measurements on the thermostat doesn’t change the temps. Likewise changing the comparative valuation of money doesn’t change a country’s economic condition. Money doesn’t CAUSE economic strength, it is the RESULT and MEASURE of economic strength.
When countries start manipulating their comparative currency value instead of letting the market do it, then it is a sign of weakness and confusion, which is what happened to the U.S. when we deliberately devalued the dollar. Basing currency on a fixed standard like gold gives that currency stability and reliability which the markets need.
Did you hear Dennis Pragers interview with an economis, John Mauldin...Mauldin called Trump a “mongoose” in reference to his intl economics sense...was interesting
Do you the figures on how much we export to China vs how much we import from them?