Zero Hedge: President Trump has never been a fan of the strong dollar. And after beating around the bush for months by demanding a 50 bp rate cut and more QE from the Fed, it seems the president is now explicitly calling on the US to artificially weaken the greenback by any means necessary.
In a tweet, Trump blasted China and Europe for playing a ‘big currency manipulation game’ and recommended that the US “MATCH” or risk being “the dummies who sit back and politely watch as other countries continue to play their games.” more …
Opinion: It was on June 26, that we found out that Merrill Lynch has been manipulating the gold market for 6 years (here). Currency devaluation/manipulation is a dangerous game, especially for the world’s reserve currency the US dollar. The temptation for any nation is to devalue their currency in order to pay off debt with lower value currency is sadly irresistible.
But currency devaluation is like stealth inflation in that it takes more dollars to buy goods and services, putting tremendous burden on the poor and middle class. If, at some point, a major currency like the US dollar or Euro were to collapse due to excessive tinkering, the whole world would sink along with it.
Prophecy students know that in the beginning of the tribulation a severe financial collapse will grip the global economy. Revelation 6:5-6, the 3rd of 21 judgments to follow, will cause a man to work a full day to earn enough money to buy food for that day. The rich (oil and wine) at this point will be spared for a short time.