Free Republic

China's yuan (CNY), one of the five currencies in the International Monetary Fund's special drawing rights basket, has depreciated by 2.7% against the U.S. dollar (USD) this month, its worst performance since September. Going back to February, the decline goes to 5% versus the greenback, and investment banking giant Goldman Sachs suggests it could drop further. Historically, yuan devaluation has been considered bullish for fiat currency alternative assets like bitcoin and gold, but the other side of that coin is a strong dollar. The U.S. unit is already on a rising trend and further strength might lead to continued monetary...

So, why does Elon Musk want Twitter so badly? Is it because he is such a big free speech advocate, that he wants to “save the world, ” save us all from BIG TECH? Why does Elon Musk care so much about the number of bot accounts? Is it because he truly wants to ferret out foreign influences? Why does Elon Musk want to reverse the bans on people’s accounts? Is it because he really cares about scientists, and conservatives ability to interact on the social media app? The answer of course, is no to all these questions. “We” are...

The state of banks in China dominates concerns about the economy and global growth. With pictures of angry crowds outside banks and tanks on the street in one city to quell discontent about being unable to withdraw funds, it bears asking what the true state of Chinese banks is. Officially, Chinese banks are in fine shape. Nonperforming loans are low and are disposed of in a controlled manner. Banks remain comfortably within their regulatory limits of loan growth, and deposits continue to rise. However, as with all things China, a look behind the official statistics gives cause for concern. First,...

Former President Donald Trump on Friday endorsed the older brother of former Vice President Mike Pence, Rep. Greg Pence (R-Ind.), in his congressional reelection bid. “Congressman Greg Pence is doing a great job representing the people of Indiana’s 6th Congressional District,” Trump wrote in a statement on Friday that was shared on Twitter by his spokeswoman, Liz Harrington. “A former First Lieutenant in the U.S. Marine Corps, Greg continues to proudly serve our Country in the U.S. House of Representatives. Greg is working hard to reverse Joe Biden’s disastrous record of out-of-control Inflation and restore the respect our Country deserves...

One of the fastest recovering economies in the pandemic, Vietnam’s export growth is pulling away from Shenzhen for the third year, after surpassing it for the first time in 2020. According to data released on April 8 by Vietnam’s bureau of statistics, the country’s total export value for the first quarter of 2022 rose to $88.58 billion, up 12.9 percent, indicating Vietnam’s upward trend in exports. It surpassed China’s strongest city Shenzhen in exports by 30 percent. In the first quarter of 2022, Shenzhen’s exports dropped to 407.66 billion yuan ($61.68 billion), down 2.6 percent year-on-year as shown by Chinese...

In China, companies, banks, and individuals cannot freely move money into or out of the country unless they comply with strict foreign exchange (forex) rules. The Chinese communist party (CCP) has been imposing “zero tolerance” controls to limit foreign exchange trading done in a private or surreptitious manner. But despite the CCP’s best efforts, the massive outflow of Chinese capital to other countries is continuing and the speed has recently accelerated. One example of the CCP’s crackdown efforts involves the Tianjin-based Quanjian Group. Quanjian was fined $14.6 million for its foreign trading by the Anhui Branch of China’s State Administration...

Over 10 of China’s 34 provinces and regions blocked most entrances of their highways on April 11, and an estimated 30 million truckers are stuck on highways or in unfamiliar cities. “More than half of China can’t receive or send out goods. Thirty million trucker drivers are stranded during the deliveries,” reported by state-run Hubei Guangdianrong on April 9. “I thought I could earn 2,000 yuan ($314) more on this trip … However, I have been stranded in Shanghai for 12 days and don’t know when I can leave,” state-run magazine China Entrepreneur quoted truck driver Wei, who was locked...

Amid growing cries from residents about hardships in Shanghai, the Chinese Communist Party (CCP) strengthened its control of public opinion in China, seeking to further crackdown on those who voice concerns about the draconian lockdown policies. On April 8, the Shanghai office of the Cyberspace Administration of China said it would crack down on rumors posted on social media as speculation and anger mount among residents living in the locked-down city of 25 million, according to the South Morning China Post (SMCP). “Some people are making up, publishing, and spreading rumors related to our measures to contain the outbreak …,...

JOHANNESBURG/BENGALURU—Most emerging market currencies will continue to struggle against the mighty dollar over the coming year as the U.S. Federal Reserve finally delivers expected aggressive policy tightening, according to a Reuters poll of FX strategists. Central banks in emerging market economies have been bracing for this for months by hiking their benchmark interest rates. But the actual moment when the Fed delivers half-point rate increases and rapid balance sheet reduction still matters. Minutes from the Fed’s March meeting showed officials had generally agreed to trim the central bank’s balance sheet by $95 billion a month, providing a major boost to...

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President of Russia Vladimir Putin: Mr Schwab dear Klaus, Colleagues, I have been to Davos many times, attending the events organised by Mr Schwab, even back in the 1990s. Klaus Schwab just recalled that we met in 1992. Indeed, during my time in St Petersburg, I visited this important forum many times. I would like to thank you for this opportunity today to convey my point of view to the expert community that gathers at this world-renowned platform thanks to the efforts of Mr Schwab. First of all, ladies and gentlemen, I would like to greet all the World Economic...

One of the questions asked over and over about Putin’s callous invasion of an inoffensive neighbor, an invasion that is mysteriously rationalized by an amazing number of people on the right who were apoplectic over Trudeau’s brutality with the Freedom Convoy, is what was his objective. It’s obvious that he was torqued about Ukraine flirting with EU and NATO membership, but if he wanted regime change, a few million dollars, an AstroTurfed mob, and a GRU or Spetsznaz hit squad could have accomplished that (look at how easily Putin installed his previous stooge, Yanukovych) with much less melodrama and loss...

It is the Duty of every freedom loving Canadian to peacefully resist the completely compromised and totalitarian government that has taken over our country. This isn't about vaxxed vs unvaxxed, as most of the people who were coerced into gettin…

Despite blowback from some conservatives, former President Donald Trump is not changing his tune on endorsing Morgan Ortagus in the GOP primary for Tennessee's 5th District if she runs. Social media influencer and House candidate Robby Starbuck has been a favorite among MAGA-supporting political strategists for his full-throated support for America First ideals, but Trump told Newsmax his endorsement of Ortagus – if she decides to run – was based on the candidate he knows versus the candidate he does not. "Well, I didn't know Robby Starbuck; I have known Morgan; she's been in the administration; she did a good...

Remember that starting Saturday you will need these three things before heading out: 1. Proof of Vaccination (12 years +) 2. Proof of Vaccination and Photo ID (18 years +) 3. Mask For more information visit http://vaxdc.dc.gov.

Florida Republican Gov. Ron DeSantis mocked the corporate media’s “nauseating” coverage of the Jan. 6 Commemoration at the Capitol Thursday, calling it “Christmas” for Democrats, and a “politicized Charlie Foxtrot,” using military slang for a poorly-managed operation, or “clusterf-ck.” ​”This is their Christmas,” ​DeSantis said, meaning Washington and New York-based media outlets. “They are going to take this and milk this for anything they can to be able to smear anyone who ever supported Donald Trump​,” he added. DeSantis made the remarks during a news conference about COVID-19 testing in West Palm Beach. The governor took a number of questions...

To say I’m disappointed would be an understatement. As someone who has viewed Senator Ted Cruz as one of the “good guys” on Capitol Hill, hearing him say the January 6 mostly peaceful protest was a “violent terrorist attack on the Capitol” feels like the worst type of betrayal. I know why he said it and I’ll explain below, but here’s the report of what he said according to American Greatness: Sen. Ted Cruz (R-TX) shocked many conservatives on Wednesday when he echoed the left’s overwrought January 6 messaging during a Senate Rules Committee hearing, referring to the riot as...

The ruling Monday is a major victory for the police unions which sued the city over vaccine requirements. A Cook County judge on Monday suspended the city of Chicago’s policy requiring that all of its police officers be vaccinated against COVID-19 by the end of the year. The ruling is a major victory for police unions, who have held that the city’s COVID-19 vaccine mandate violates their collective bargaining agreements. Judge Raymond Mitchell ruled Monday that the mandate should be halted for police officers until those complaints can be settled in arbitration. Mitchell’s ruling does not impact other city workers,...

The Elites want to dictate every aspect of your life from what you eat, to where you go, down to how many times a week you are allowed to shower and wash your underwear.The World Economic Forum (WEF) published alarming propaganda videos highlighting what life will be like after the Great Reset, the globalists’ radical plan to remake the global economy in the post-pandemic world.The release of the videos follows a quietly held WEF and United Nations General Assembly summit in Switzerland on “sustainability.” In addition to the long-running issue of “climate,” they also discussed the transformation of the global...

The latest data from the United Kingdom’s PHE Vaccine Surveillance Report suggests that people who have been “fully vaccinated” for the Wuhan coronavirus (Covid-19) are losing about five percent of their immune systems per week.Doubly injected people between the ages of 40 and 70 have already lost about 40 percent of the immune system capacity from the moment they get injected. They then progressively lose more of it over time, with peak immune system loss for many expected to arrive by Christmas.“If this continues then 30-50 year-olds will have 100% immune system degradation, zero viral defence by Christmas and all...