China Has Declared War… Here’s What to Do Right Now

(Before It's News)

from Casey Research

China has entered the global currency war.

Today it devalued its currency, the yuan, by the most it has in two decades.

The yuan is different from most currencies. The price of currencies like the US dollar, the euro, and the yen all move around like a stock price. The market determines their prices. When investors buy, their price goes up. When investors sell, their price goes down.

The price of the yuan does not move around like a stock price. The Chinese government controls the price of the yuan. So the yuan is worth whatever the Chinese government wants it to be worth.

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