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Well if you blink -- missed it but man oh man I still can't believe it for a brief moment this morning.
Chinese currency traded at its highest level against the dollar ever.
At least the highest since the launch of the modern Chinese currency trading system that made the walk on the currency to watch back in 1994.
I -- -- you might you bored by this but hear me out.
Now this is a currency appearance when he twelve years want something that is drawing investors that's what that means.
We are not that's what that means anything China is -- and -- us is not now without getting.
Into the it good to sees about global trading suffice it to say we -- traded.
The world is increasingly cashing out.
And cashing in on someone else.
-- that not all the time but increasingly enough of the talk that you have to wonder if it's more than just a little different this time.
After all when traders are buying Juan.
They're also selling dollars.
They're placing bets on a country they think it's a good investment and more and more they're effectively selling -- country they think is not such a good investment.
It's really not a surprise when you -- -- -- debt were piling on that investors are heading out.
And it's really not a surprise when you consider a Federal Reserve that has forced interest rates to zero.
That buyers are showing zero interest in buying our currency now that's not does that we are still not a draw.
Just that we're increasingly not as much of a draw.
That we have to share that drawing power.
It hurts when economists warn about such things it really hurts when you actually see such things as I did briefly this morning.
When China pulled ahead.
Of global interests.
-- -- -- Gone are the days folks to -- behind America's back at its best days were behind.
Now they're actually investing on.
And they're actually making money off.
That's what happens my friends when you pile of debt.
You pile up folks.
Who just think you're a joke.
Further they no longer think -- upon.
They think you're itself.
Think of that.
That'll do that.
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