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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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.