China devalues yuan by leaps and bounds

The sparrows have long been chirping from the rooftops that the Chinese central bank must react and devalue the national currency, the yuan. The pressure has recently been too great, and we are now seeing sudden devaluation spurts. In the short term, this monetary policy will push forward the country's exports, which are already exporting deflation in many sectors due to its democratic collapse and poorly performing economy, thus putting other fiat economies under pressure.

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