China dilutes the dollar in their trade-weighted basket.

Lynette Zang

Hello everybody its Lynette the chief market analyst here at itm trading and i know i did one of these yesterday but today some very important news came across my desk so we’re doing another one and that is that China dilute the dollar in there trade-weighted basket. it’s actually even more than that they have a basket of currencies like every country does so not only have they reduced the prominence in the basket of the US dollar but … Read More »

Chinese Yuan SDR

View our webinar archive  Video Transcription China in SDR Basket – Yuan New World Reserve Currency China’s strategic evolution to become of global financial powerhouse number one in 1994 they pegged their currency directly to the dollar so whatever the dollar did goes up goes down didn’t matter Chinese Yuan was also going up or down right along with the dollar what that actually did was transfer the manufacturing base from the u.s. to China with all that cheap labor. Corporations … Read More »

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Lynette's Flash Five News

ITM Trading’s Webinar and Educational Videos ITM Trading’s Store Buy Gold And Silver Online  – We’ve helped tens of thousands buy gold and silver.   Our Next Live Webinar Apr 11, 2017 3:00 PM PDT Please register for The Retirement Tsunami   at:  http://bit.ly/2nxmso9 There are 76.4 million baby boomers in the US. 10,000 of them turn 65 per day and most are fiscally unprepared for retirement in what is call a “Gap Trap”. Most will be dependent on pensions, IRA’s, 401K’s … Read More »


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Chinese Currency Devaluation Explained

Renminbi

China is in the news a lot recently, should I say the financial news, due to a Chinese currency devaluation, but most people who do not study the markets were not involved in the markets professionally don’t truly grasp the severity of China’s current position. Now if you extrapolate China’s current position to include the current position of the United States and its dollar, and this is exactly the kind of information you would get if you consulted an ITM … Read More »