Global Markets A Sea Of Red As Dollar Selloff Resumes | Zero Hedge: All export markets targeted the USA for the last decade as ‘free trade’ liberals opened the barn doors. US jobs migrated away from our country and into other countries with cheaper labor. Now, that is reversing. This is causing panic across the planet. The old way of doing things is ending and ‘protectionism’ is rising. All systems go through these ‘revolutions’ because you can’t do anything, forever. Things have to balance out eventually or crash and burn.
Tag Archives: imports
China is now #1 in yet another economic arena: global trade. The US and Japan fall further and further behind. This is why Japan and the US are both conspiring to start WWIII. To be blunt, this is the worst way to fix this ‘problem’ due to China being a very big country with a huge population that is highly educated and extremely hard working. Japan is literally dying while the US is drowning in red ink and internal hatreds. The above graph is a reminder of the US being the world’s #1 trade LOSER. It is all red ink, nearly a trillion in the year 2007. Only a deep depression trimmed it back to a mere half a trillion in red ink today.
PBOC Says No Longer in China’s Interest to Increase Reserves – Bloomberg: China now holds over $3.5 TRILLION US dollars. As well as $1.3 trillion in US government debt money. Money is simply pouring into China thanks to China’s very strong industrial base. Zhou Xiaochuan unlike his Japanese counterpart, has allowed the yuan to rise in value against the dollar while Japan has been permitted to do the opposite.