On Thursday, Bloomberg Business confirmed that China has sold massive holdings of U.S. Treasuries this month directly, as well as through agents in Belgium and Switzerland. Beijing is trying to raise the dollars needed to support the value of the yuan on foreign currency exchanges in the wake of a shock 3 percent devaluation Aug. 11 that sent global stock markets into a massive selloff.
Wonderful.
If China continues to engage in unprecedented dumping of U.S. Treasuries, the resulting upward pressure on U.S. interest rates may force the Federal Reserve to resume an unexpected fourth round of quantitative easing. The Fed would once again take up the policy of buying additional billions of U.S. Treasuries to depress interest rates in an effort to prop up the U.S. stock market.
I am sure this will all end just peachy.
Why do I get the feeling that the Luciferian elite are just waiting for right time before they pull the rug out and enslave us all?
Notice a very important item here, folks.
China has long been accused by many Americans -- including Donald Trump, for example -- of deliberately devaluing their currency to maintain a competitive edge against its trading partners such as the U.S.
As I've been saying for years, the yuan has actually been overvalued all this time. And the Chinese government obviously knows this because they're now taking measures to prop up the yuan.
The yuan is a worthless currency, folks. Any company that trades on U.S. stock exchanges with assets in China should basically write down the value of those assets to zero. This, I suspect, is what the turmoil in the U.S. stock market has been all about over the last few days. Nobody knows how to value their Chinese assets accurately!