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China’s transition to a new currency regime was supposed to represent a move towards a greater role for the market in determining the exchange rate for the yuan. That’s not exactly what happened. As BNP’s Mole Hau hilariously described it last week, “whereas the daily fix was previously used to fix the spot rate, the […]
Posts Tagged ‘PBOC’
Why The Great Petrodollar Unwind Could Be $2.5 Trillion Larger Than Anyone Thinks
August 31st, 2015 
Awake Goy A parable for our dangerous times
August 31st, 2015 Awake Goy This is a parable about the new geopolitical new normal. The parable stars someone who closely interacts with selected Masters of the Universe. Through his business deals, he has no doubt about having identified the way the current high-stakes geopolitical game is being played. That even led him to pen a letter to the […]
Posted in World News 
Tags: Masters of the Universe, parable, PBOC, People's Bank of China 
No Comments »PBOC Launches Day Two Of Currency Cold War Offensive
October 13th, 2011 FAKE NEWS for the Zionist agenda Zero Hedge October 13, 2011 The People’s Bank of China set the yuan’s central parity rate against the U.S. dollar at 6.3737 on Thursday, a second sequential major drop and down from Wednesday’s 6.3598. This follows a weakened fixing of 6.3598 on Wednesday, down from the record high fixing of 6.3483 on Tuesday, just before […]
