We've all known about China's currency manipulation schemes for decades. China purposely devalues their currency so that they can maintain their export pricing advantage over all other countries. Up until now, it has been one of China's most effective ways to counter the US Dollar in the open market.
Now China is ramping up to take on the US Dollar in a brand-new battlefront... Bitcoin.
PayPal co-founder Peter Thiel noted the lengths to which China could be going to make this a reality. According to Thiel, China may be using bitcoin as its weapon of choice.
Theil stated, "Bitcoin should also be thought of as a Chinese financial weapon against the U.S., where it threatens fiat money, but it especially threatens the U.S. dollar." Any threat against the Dollar is a direct threat on your retirement savings!
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Your Savings and Retirement could be the First Casualty in China's Currency War Against the US Dollar!
What is most troubling from the PayPal co-founder's prediction is that the US Government still has no clue how to handle China's bitcoin attacks on the US Dollar.
Many experts believe the Communist nation's support of Bitcoin provides China with a hidden, anonymous back door in which to weaken the dollar's standing internationally. Here is the information the expert's site.
- China is responsible for over 65% of all global Bitcoin "mining". (USA is 7.2%)
- Chinese Currency manipulation has cost the US economy over 2 million jobs according to experts.
- Job loss from currency manipulation has imposed the equivalent of a $1,000 tax on every American worker, every year.
- American investors in Bitcoin have become pawns in China's own currency scheme.
- Recent Chinese Bitcoin manipulation vaporized over $200 Billion in wealth, overnight!
Thwart the Chinese Bitcoin Attack on the US Dollar and Your Retirement! Here's How!
Even while China participates in open currency wars with the US Dollar, there are ways for average Americans to fight back against the Communist Chinese government attack on their retirement!
- Investments in Gold protect against Chinese foreign currency manipulation.
- Gold has outperformed the S&P 500 as a stable, sound return on investment.
- Existing retirement plans can be converted to gold-backed IRAs without tax penalty.
How can you protect your retirement savings while the US Government lets China run over the American Worker?
Don't Let Communist China Influence Your Retirement Savings - Learn More Here!