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

Eurodollar University

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China's Yuan Heading Lower

The PBOC tried to resist that devaluation because it wasn't devaluation. It was a dollar shortage, and it told us something important about what the global economy was going to experience over the months and years ahead. We saw that again in euro dollar number four in 2018. CNY down doesn't mean speculators. And CNY down is never engineered by the Chinese central bank. Instead, bellwether for the global economy.

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