China’s economy is performing POORLY; in fact, it is in massive trouble. The Debt/GDP ratio is something out of a horror film and they’ve just cut rates again!
Not many people know this, but President Trump is a major proponent of the gold standard.
Over the past 115 years, many monetary experiments have been implemented by the FED’s officials, but, to me, one quote says it all: “Permit me to issue and control the money of a nation, and I care not who makes its laws!”
This is the closest we’ve come to a pivotal moment for the global economy since 2009. Today is the pinnacle of the economic experiment, led by the Federal Reserve and followed by all central banks, globally.
In life, as with investing, cause and effect aren’t instantaneous, but inevitable. The currency crisis doesn’t have to happen today, but it is, nonetheless, imminent.