What is interesting is that Greenspan has been trying to get the interest rates up with Fed Rate increases..and it didn't work. China devalues the dollar by 2% and the interest rates go up..guess who controls the interest rates in the US?
Beware of the Red Chinese economy! Beware of the Red Chinese purchasing and owning American oil companies and other property. Those key properties will become part of Red COMMUNIST China and will be subject to confiscation. Employees will be puppets for the new Red Chinese economy.
Beware of investments in Red China. Those assets, properties and businesses will be subject to confiscation on a political whim. Owners of said property will be held hostage and their peoperty held for ransom if the Red Communist Chinese decide they need to flex some muscle of control.
Anyone running to Red COMMUNIST China seeking investments and financial stability are gambling their assets worse than the most risky investments. The house rules at the RedChinaStar Casino will win every time.