Today’s Items:

First…
China Sees Collapse of U.S. Dollar?
http://www.economicpolicyjournal.com

In the past, countries focused on efforts to prevent their currencies from rising against the U.S. Dollar to protect their trade. Now, with China’s recent movements to devalue the yuan, could this be an indication that they know of a near future devaluing of the U.S. Dollar? We will see. At any rate, this is likely the start of something big. Perhaps, the Chinese are getting ready to very soon to dump all U.S. holdings, like Treasuries, to prop up their economy.

Next…
Zero Interest Rates
http://www.zerohedge.com

Interest rates in the U.S., Europe, and the UK were reduced to close to zero nearly seven years ago. Today, central bankers are beginning to see what it has been like for their colleagues in Japan, where for twenty-five years with zero interest rates, nothing tried seems to work as their economy get…