Saturday, December 17, 2016

China Kidnaps US Sub


USD zombies in China military getting more desperate now taking to kidnapping a submarine to ransom for USD balances. USDs getting more and more hard to come by over there... and meanwhile Trump is threatening to cut them off completely.





4 comments:

Tom Hickey said...

It's a message to the Great Negotiator — are your ready for war?

Matt Franko said...

Looks more like a continued zombie scramble for USDs to me Tom...

Their China USD reserves have been falling late the China military USD rations might be being cut back so they have to take matters into their own hands...

Tom Hickey said...

They have been defending their peg against a rising dollar and negative exchange rate pressure. They need to cut the peg and let the currency float like Russia did. There would likely be a big drop in the USD/CNY and then stabilization as shorts take profits. After that, the rate will recover just like the USD/RUB did in that China's economy is way stronger than Russia's. China is the largest economy based on PPP, which is what counts economically rather than nominal GDP.

Bob said...

Nice uniforms :)