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To: SkyPilot
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!

2 posted on 08/27/2015 6:00:14 PM PDT by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")
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To: Alberta's Child
The schizophrenic gains in the markets these past 2 days are only going to convince people that they should stay in the markets until it's too late. Every indicator not built on lies and manipulation tells people to get out.

But, greed is a powerful motivator.

3 posted on 08/27/2015 6:31:39 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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