In the face of the dramatic collapse of its stock market in recent months, the communist dictatorship ruling mainland China responded as it does to most perceived problems: with outright tyranny and terror. From detaining and terrorizing stock traders to censoring and manipulating press coverage of the markets, Beijing is again revealing its true colors: red and redder. The consequences of the regime's response will likely be felt for years to come, with one expert comparing China's stock market today to a “roach motel.”

How quickly things change. China's rickety economy has essentially defanged the tiger, meaning it is unlikely that it will use intentional money manipulation to devastate the United States.

When allowed the freedom to choose, people and businesses choose to live where they're able to keep more of their money.

Facing an imploding stock market and the potential for even more widespread economic chaos, the dictatorship ruling mainland China — the top foreign holder of U.S. Treasury bonds — is selling U.S. debt to prop up the Chinese yuan (renminbi), according to news reports. The move, which has long been anticipated by analysts, could have major implications for the American economy and especially the U.S. dollar — particularly if the pace of liquidation were to accelerate. As of now, confusion about the developments is running rampant.

 

In a remarkable confluence of common sense and establishment approval, Congress is likely to look favorably upon eliminating the U.S. oil export ban this fall.

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