, 4 tweets, 5 min read Read on Twitter
#China’s Communist Party has been engaged in an economic campaign of “Unrestricted Warfare” against the Free World since it joined to @WTO in 2001. But they have a weakness in their non-free floating currency, the #yuan. W/ all due respect to @POTUS @realDonaldTrump, his…
… pressure on the @FederalReserve to keep interest rates low is misguided (& reminiscent of @RTErdogan’s disastrous mistake in #Turkey). If we want to fight #China as hard as they’ve been fighting us, we should encourage Fed Governors to *raise* interest rates and *contract*…
… the global monetary base. This contraction will expose structural economic problems in #HongKong & in mainland #China more broadly, including insolvent state-owned enterprises, an over-extension of corporate credit, under-capitalized Chinese banks, etc. Moreover, the…
… People’s Bank of #China will have to defend their manipulated #yuan by sapping their foreign exchange reserves. FOREX reserves are the cushion that the #CCP is counting on to weather the #TradeWar that they started, a war that @POTUS @realDonaldTrump is now fighting to win.
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