The Chinese Economy and the Future of the World

John Campia: China is essentially controlled, they control every lever of their economy. In the last several weeks, you have seen the PBOC intervene to stymie the weakening and the in the Yuan right that you on got out to 727 and then now it's around like 715 or so. But when I say that the US dollar wrecking ball isn't dead,. I mean it because if you look at forget about DX Y for just a second because DX Y is as you know 60% weighted towards the euro and about 20% of British pound. So I think that's anchored by those two currency specifically.