I think the Chinese stock market is not getting enough attention. The government is now trying to control the market with capitol injections. How wrong is this going to go? A totalitarian communist regime is going to make decisions about quantitative easing?
I have divested about 20% of Chinese holdings and I fear it will bring down a lot of other Asian countries as it sinks. Ugly times ahead.
Topic: Bitcoin smashes Chinese Yuan,, suffers dramatic Plunge (Read 584 times)
The Yuan dipped because the Chinese government wanted it to. No other reason. 
Interesting to see how price of gold reacts as Chinese are large hoarders of gold.
The article is a bit long though. In situations like these Bitcoin does seem like the ultimate safe he :Da ;Dven, does it not? However, OP has posted a misleading title. There is no Bitcoin reference within that very article.
The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference.
Obviously it is a significant decline compared to the ones in the past.it was team Fiat at Paper Tiger HQ trying write up a quick reply and they failed miserably
The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference.
ur not sure about anything cuz
The article is a bit long though. In situations like these Bitcoin does seem like the ultimate safe heaven, does it not? However, OP has posted a misleading title. There is no Bitcoin reference within that very article.
The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference.
Obviously it is a significant decline compared to the ones in the past.
The Yuan is hardly immovable - it has been weakening against the dollar for years. Not sure an extra 2% will make much of a difference.
wow wat a suprise even an unmovable currency .......... moved
http://www.bloomberg.com/news/articles/2015-08-11/china-weakens-yuan-reference-rate-by-record-1-9-amid-slowdown
worlds biggest Paper Tiger got Railroaded
http://www.bloomberg.com/news/articles/2015-08-11/china-weakens-yuan-reference-rate-by-record-1-9-amid-slowdown
worlds biggest Paper Tiger got Railroaded
Jump to: