Is China About to Go “Scorched Earth” on the US Dollar?

China's currency, the Chinese Yuan, remains pegged to the US Dollar. So when the US Dollar strengthens, the Chinese Yuan strengthens to.

For an economy as rife with garbage debt as China (shadow banking debt is over 200% of GDP), this is a DISASTER.

With that in mind, consider that the US Dollar is now at 99.

Whenever the US Dollar reaches these heights, China fires a warning shot at the Federal Reserve by aggressively devaluing the Yuan.

And this in turn causes a stock market MELTDOWN.

Buckle up, because as I write this Monday morning, China just began to aggressively devalue the Yuan AGAIN.

Another Crisis is brewing… the time to prepare is now.

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Best Regards

Phoenix Capital Research