China hurried on
Thursday a devaluation of the yuan, causing that the currencies of the Asian
region wobbled and the market markets collapsed, because the investors now fear
"the oriental giant to be beginning a commercial war against their
competitors". Naturally this takes that the bags collapsed in the entire
world especially in Asia and Europe
The negotiation of
actions was suspended by the rest of the day, for second time this week,
because the drop of the indexes in China activated a new short circuit
mechanism to less than half hour of the beginning of the session. The Popular
Bank China surprised again to the markets when fixing the half point of its
exchange rate in 6,5646 yuan’s for dollar, the lowest level from March of 2011.
The rate fell 0,5 percent in front of the previous day and it was the biggest
daily drop from ends of August, when an abrupt descent of 2 percent also shook
to the markets.
The impact felt
immediately in the currencies of the region of Asia Pacific, as the Australian
dollar that fell half hundreds of American dollar in a to open up and to close
of eyes. The actions in Shanghai lowered 7 percent, repeating the collapse of
Monday and causing the suspension of operations. The index Nikkei in Japan lost
1,8 percent. A continuous depreciation of the yuan puts pressure so that other
Asian economies devaluate their currencies and they can stay this way
competitive in front of the enormous might exporter of China.
Also, he makes that the
matters cousins that quote in dollars are more expensive for the Chinese
buyers, what can weaken the demand and to press even more to the prices of
natural resources in a reaction in chain. In summary, Chinese and Asia has
decided to sink the western economy, that easy and simple of understanding,
China is making with the economy and the foreign currencies, what the Arab make
with the petroleum, that is to say to put at such a low level the costs of
production of its great productive economy that will force to the whole world
to stop to take place, or to leave its economic system based on some impossible
margins.
This will also influence
in the social politics of the western world it is evident that great part of
the costs that should support the western economy it is well the to be of their
society with it China and Asia in general he obtains an advantage at the moment
insolvable for occident. A while ago that this is announcing it China with the
measures of retraction of their imports and world exports more the first ones
that the second that is evident for me that China is not that this in
recession, but rather he is trying to balance the general economy of its
country, a country that is in yes an entire continent.
China has two ways to
make this and it should apply them both an alone one he would not give result
these measures they are to take place more at home to give more work in its
interior to balance the levels better of well to be of its thousands of
millions of Chinese and on the other hand to make lower the level of well to be
to that should end up locating them for this is not another solution that to
lower the well to be of the rest of the world and somewhere around the things
go China he is making social and economic "fracking" and he will
force to the world to lower prices like it has happened with the petroleum like
he will make in front of this situation the western economy it is the incognito
one to solve.
I have it very clear,
occident should you give globalizer all other time, it is necessary to return
to the individualization of the productive, energy, social and economic
elements it is necessary to break the direct communication among the Asian
economy of the western economy, because it is impossible that the Westerners
accept to balance prices and social values, to be able to compete with them and
I will even say more, although makes it they always won us for quantity.
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