A venture capitalist Joe Lonesdale was being interviewed and said that the Fed has l lost its mind and that it is a very scary time in America right now under this administration. He said folks he's spoken to (finance people) in NY are saying how China knows how weak our $$ is and is taking advantage by actively trying to get investments there because their currency is stronger. No link (yet) online to the segment (it just ran), but if I can find it, will post. CNBC commentator wasn't prepared for that one!
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I heard that China tells you the opposite of what they really are if things are going bad for them; and if things are going good, they simply keep quiet. That would mean their currency is b...a....d..........
The yuan is about to crater. So is every other fiat, centrally controlled currency. And it's definitely weaker than the U.S. $.
I agree with Mary911. You have to remember, it's upside down and backwards in Clown World.
Agree too. I was more surprised that CNBC allowed the guest to say what he did about the Fed and current administration. Usually, it's nothing but love for the left on that station.