“Are you listening Federal Reserve?” – was Trump’s response to the falling Yuan with the president of the United States not quite clarifying what exactly he wants Fed to do.
Previously he has suggested Fed should start money printing, or quantitative easing as they call it, as Trump gets outmaneuvered by China which has met his tariffs with Yuan devaluation, so cancelling them off.
Tensions are also continuing in Hong Kong where their money is close to crossing 8 HKD to USD.
Bitcoin has jumped on all this devaluation going around, nearing $12,000 once more as the currency acts like gold: a safe asset to hedge the falling value of fiat money.
Pound too has fallen against the euro to now €1.08, with stocks and much else in red today except bitcoin and gold. Read More at TrustNodes...