Can some of you financial brains here explain how China's devaluing it's currency can affect us here in this country in the short and long term. This is not being covered much in the media which is more concerned about more women coming forward to charge Bill Cosby of "sexual adventures" for lack of a better word. There has to be some strategy or motive for China's move since all the bluster from Donald Trump on the Chinese being our enemy in terms of economic and technological competition.
Good point. Do you think our genius politicians understand this and the fact the Chinese are trying to squeeze us for the long term or are they just stupid and incompetent as Donald Trump calls them out?
What I am beginning to see is that most people in power are just throwing dice and seeing what happens. Some of it may come across as orchestrated but its anything but. A lot of Chinese millionaires and billionaires are gonna be facing some tough months ahead.
I wouldnt mind being a billionaire and face tough months ahead. Billionaires dont get poor overnight and it will take a helluva lot of bad investment decisions to move from billionaire to broke.
