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The US Congress finally ran out of patience after years of coercing China into the yuan appreciation and passed a bill authorizing the US Chamber of Commerce to slap punitive duties on Chinese imports. The very next day Beijing responded by propelling the yuan to the dollar exchange rate to the unprecedented 6.6732:1 mark and thus demonstrated its receptiveness to US criticisms.

European governments are doing all they can to sustain the banking sector's customary profit margins, if necessary – at the expense of the general population. Social programs are sacrificed serially to stem mounting budget deficits. The actual result is that while the budgets are shrinking cash is flowing into the very banks which had provoked the financial crisis.