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Major dollar crisis brewing in Asia threatening world's monetary system and economy.

Eurodollar University

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The Global Monetary Crisis

Up until the middle of 2008, China's yuan had risen steadily. But in July 2008, that was the moment that the global monetary crisis became truly global,. That's where the mild recession of 2008 suddenly became the great quote unquote recession. And from there, particularly September 2008 and afterward, again, CNY is pegged again.

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