CURRENCY WAR Red Hot as China Devalues Yuan by Record Amount!

Look Inside My Book!: http://book.themoneygps.com ******************************************************************** My Free eBooks on Fluoride, Vaccines, and GMO: http://themoneygps.com/freeebooks Tools You NEED to Prepare for the COLLAPSE: http://themoneygps.com/store ******************************************************************** Sources: "China Weakens Yuan Reference Rate by Record 1.9% Amid Slowdown - Bloomberg Business" http://www.bloomberg.com/news/articles/2015-08-11/china-weakens-yuan-reference-rate-by-record-1-9-amid-slowdown "Russian GDP Plunges 4.6% - Bloomberg Business" http://www.bloomberg.com/news/articles/2015-08-10/russian-economy-shrinks-4-6-as-oil-slump-risks-deeper-recession "Unicorns.jpg 1,023×691 pixels" http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/08/Unicorns.jpg "Stocks are a 'disaster waiting to happen': Stockman" http://www.cnbc.com/2015/08/07/stocks-are-a-disaster-waiting-to-happen-stockman.html "Record 93,770,000 Americans Not in Labor Force; Participation Rate Matches 38-Year Low" http://cnsnews.com/news/article/susan-jones/record-93770000-americans-not-labor-force-participation-rate-matches-38 "This Wharton Grad Wants You to Live in His Shipping Containers - Bloomberg Business" http://www.bloomberg.com/news/articles/2015-07-30/wharton-grad-s-got-a-tiny-illegal-solution-to-bay-area-housing "Facebook calls for cyber security in emerging markets - FT.com" http://www.ft.com/intl/cms/s/0/a7fee304-3c8f-11e5-8613-07d16aad2152.html#axzz3iT6khIN3 currency war http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/08/exter%20pyramid.jpg

Comments

1. lol what the fuck , I thought this is about China . Why would I want to go here to see things about US ?
2. I just spent all my money on Ho's just in case
3. mafia rule of china really fuckup on right place good news
4. Tear drops on the fire. Great work David.
5. Very sound, lucid TRUTH
6. I really appreciate you explaing to people what these events mean for them. As lot of people do not understand economy. things like interest rates or currency devaluation etc. which the mainstream never explains.Can you do a video on the canadian dollar? whats happening to it and who is responsible or what?, for its fall(besides oil prices). Thanks
7. I feel I just have to point this out, looking just at the employment rate will tell you how many people are not in a job but it won't tell you how many people are not working because they are stay at home parents because they choose to be or if they are physically disabled so bad that they can't work. There are many factors that you have to take into account when solely looking at employment rates.
   
   Love your channel by the way keep up the good work, it's nice to have someone pointing these things out and talking about them in ways people can understand.
8. Dave,  This is the Most important of 2015 so far, please talk abouth it obozo went on vacation that is why this was done to the four Red(Republican) states now and the media is totally hushed up , this is total evidence of JADE HELM 15, covert operation.. Did The EPA Intentionally Poison Animas River To Secure SuperFund Money? "A week before The EPA disastrously leaked millions of gallons of toxic waste into The Animas River in Colorado, this letter to the editor was published in The Silverton Standard & The Miner local newspaper, authored by a retired geologist detailing verbatim, how EPA would foul the Animas River on purpose in order to secure superfund money..."   ZH
9. Long time fan! Question. In October the Chinese yuan maybe accepted into the IMf. This move seems to be what the Chinese want. After seeing them devalue their currency wouldn't acceptance in the IMF bring demand to the Yuan, thus driving up the value? Isn't this what they don't want?
10. So how does the Iraqi dinar exchange play into this?  Also the Dong and Zim are included in that exchange.  Do you know anything about that which you can share?
11. What's wrong with warren buffett?
12. stupidest thing ive ever heard. Id rather be able to buy the world with a penny than a loaf of bread with a million
13. China is fake as hell. I'm Chinese, the government gives the fake number of the GDP, the real GDP is one forth of the one they claimed or even less. Most of us living in an extremely poor life, we can't even afford eggs and coca cola. You can't believe I'm this county, if you can afford the eggs, it shows you a rich person. People from west and central parts of China are even still eating grasses as food. I'm being serious, we are as poor as most african countries. And it is INDIA who will be the next super power.
14. China needs their imports taxed by everybody to keep them from doing this.
15. For the first time for Malaysia:
    1usd=rm4
    
16. Thanks David. Always informative. In your opinion, what are the possible scenarios after the bubbles burst? what does the new normal look like? who will be the winner and losers?
17. does anyone still believe that the Yuan is backed by gold and silver? fat hope!
    i won't even want to keep any of it as loose change.
18. +ChangeTip, send $1!
    Ok. seems they changed the format for what triggers their bot. Trying again.
19. august 15th 1871 albert pyke freemason announced his plans for 3 world wars
    just wtach what vatican and jesuits are up to.
    and cern
    the crash is going to happen
    thanks money gps your videos are awesome
20. +ChangeTip $1 dollar
    Yeah the problem with stocks these days is that when you're buying a stock you're competing with entities that get their money almost for free. Had to make ends meet that way.
    Changetip has been having problems in the last few days. Hope they've got their shit together now.