Monday, August 5, 2019

Fear Maddens World Markets

America proposed to impose tariffs on Chinese products, China responded by letting the yuan to devaluate 1.5%  to 7 yuan a dollar. This tit-for-tat strategy made world markets go crazy: the NASDAQ fell 6% and gold rose 2%. President Xi says the USA is spreading disorder. Democracies, from Athens on, always do. The world seems to show signs of falling apart and preparing for a new World Order. China feels strong, forgetting that the Chinese are a trading non-martial people, facing always the same Western pirate nations (pic. Wikingers). 

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