The Tianjin Crater

Crater
(Click to view a larger image)

By Catherine Austin Fitts

Given the volume of Chinese exports to Europe and Japan (and how much the Euro and Yen have fallen against the dollar) it is quite remarkable that the Chinese have kept their currency as closely pegged to the dollar as they have.

Even more remarkable: just as the Chinese devalue their currency in order to protect exports, their fourth largest port experiences a massive explosion which shuts it down.

Sometimes it’s easier to bring other stock markets down than to keep the S&P up.

Related reading: