Top Posts Tagged with #currencywar

The global financial system is changing faster than anyone expected — and the BRICS alliance is at the center of this shift. From new trade agreements to plans for a gold-backed digital currency, BRICS is accelerating dedollarisation and reshaping how nations do business.

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China devalued the yuan by the most in two decades, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.

China devalued the yuan by the most in two decades, causing instability in global financial markets.

The rate was cut by 1.9% as an effort to curb the steep slowdown and lower the governments grip over the economy. They had previously been maintaining the currency to stop capital outflows, this latest move may be a sign that they are moving away from this. The Yuan slid 2.6% in response.

Chinese airline shares fell on concerns debt costs in dollars will rise.

The yuan’s real effective exchange rate had climbed 13% in the past year. The PBOC argued that the strong yuan put pressure on exports, citing this as a reason for the devaluation.

There could be a risk of deflation as a result of these measures. More measures, will be put in place, such as lowering reserve limits.

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We are at war inside our own nation, at war inside our families, relationships and communities. We are at war economically in the market place. We are at war in the dating game. We are at war domestically between gender, race and class. We are even at war psychologically inside our own minds, but we are able to convince ourselves that we are living in a peaceful country just because bombs are not falling or bodies aren't piling up in the streets like the foreign nations we see in the news.

War is not always won or fought with bombs and bullets.

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