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Trump has the upper hand when it comes to the trade wars with China. China is doing exactly what Trump wants them to do, devalue. Trump is not blaming China for the markets tanking, he is blaming the Fed, he wants more from the Fed, he wants another rate cut soon,and he might be getting one. How do you remove the Fed power, Trump is doing it. The DS is in a panic, when you panic fear sets in, with fear you start to become desperate and you expose what you are all about, enjoy the show. Nadler is trying to show that he is in control, he is desperate, he is now going after Kavanaugh. Congress wants 8chan to appear before them to ask what they are going to do. Trump and the patriots are waiting for the ultimate question, once the question is asked the MSM will be in trouble. Hannity says that what is coming is going to shock the nation. It is time to expose these false flags, let the investigations show who is responsible, who orchestrated the events. Let the truth out and let America see what has been really going on.

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Current News – 08.07.2019

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Economy

The Trade War Isn’t The Only Reason For The Dow’s Big Drop

• Trump has the upper hand when it comes to China and the tariffs.


• China can also attempt to retaliate, even though its ability to do so is limited because it doesn’t buy that many American goods.  

• China is responding to Trump’s tariff threat by allowing their currency to weaken versus the dollar.


• China’s Move Could Backfire


• The PBOC’s move to allow the RMB to weaken against the dollar offsets the sting of tariffs on Chinese exporters, but it carries two important risks for China.


• First, that the United States retaliates to the currency devaluation, which is exactly what happened on Monday evening, when the U.S. Treasury Department acted to officially label China a currency manipulator, the first time since the 1990s. The action doesn’t have any immediate consequences, but it acts as a warning to China and can open the door to future penalties on Chinese imports to America.


• The second risk is that the PBOC is unable to stop a further RMB slide, which would cause capital outflows and tight money in China, which would crash China’s all-important property market, and thus its economy. It is highly complicated, but even when the PBOC wants easier monetary policy, the stimulus channel is “clogged” if the dollar is rising versus the RMB and money is flowing out of China.


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• Trump is

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