US Treasury says that China is intentionally undervaluing its currency; IMF warns USA.

Chinese Renminbi Yuan

The US Treasury is again asserting that the Chinese are undervaluing their currency:

April 16, 2014

The United States Treasury criticized China for “significantly” undervaluing its currency, but again refrained from labeling Beijing a currency manipulator.In its twice-yearly report, the Treasury acknowledged that China’s currency has appreciated. But it said the increase is too slow and has not gone far enough.

Beijing announced last month it would allow the value of the yuan to fluctuate more against the dollar — a move welcomed by Washington.

However, the Treasury expressed concern about recent reports of Beijing’s “heavy intervention” to keep the value of the currency low to gain trade advantages.

A weaker yuan makes Chinese goods cheaper for Americans and makes U.S. goods more expensive for Chinese, giving an advantage to Chinese exporters.

While the U.S. has consistently raised currency complains with China for years, it has not labeled China a currency manipulator since 1994.

The label could lead to trade sanctions and would provoke an angry response from Beijing. http://www.voanews.com/content/us-chinas-currency-significantly-undervalued/1894408.html

In this often ‘politically-correct’ speaking world, the USA has found away around its own laws, so instead labeling China as currency manipulator, it tries to say the same thing but without required actions. More and more the USA is becoming a nation that decides what is politically more important first, then adjusts its interpretation of laws to accommodate. This, and other forms of hypocrisy, are not going unnoticed by all of the rest of the world.

A few years ago former President of France, Nicolas Sarkozy, went to China to work to replace the USA dollar with something that included the Chinese yuan and the EU’s euro (see France and China Working Hard to Replace Dollar).

The USA is taking steps to also devalue its own currency by increasing its debt and through programs like ‘quantitative easing’ that financial experts should realize is diminishing its value–biblically it is adding ‘dross’ to its currency, which is not good (Isaiah 1:22,25; Proverbs 25:4a). At some point in time in the future, this will result in disaster for the USA according to biblical prophecy.

The USA has been playing a dangerous game with its own currency.

I would also add that WHEN the USA has to increase interest rates to keep foreigners (and others) lending to it, this will lead to a downward spiral, that while it likely will have some “ups,” while result in the USA being taken over and destroyed. The Bible warns about the indebted one getting taken over by its creditors at the appointed time of the end (cf. Habakkuk 2), and the USA is currently the greatest debtor nation in the history of the world. And after interest rates rise for the USA dollar, it will be worse in the USA than almost any economist will publicly admit.

The IMF issued warnings to the USA:

The 188 members of the International Monetary Fund over the weekend gave the U.S. Congress until the end of the year to pass reforms giving large emerging countries like Russia and China a greater say in the Bretton Woods Institution, after which the global financial body may make plans to reform the IMF without waiting for Washington.

A communique from the IMF’s finance committee urged Congressto use the coming months to enact the reforms …

Some prominent international experts and IMF sympathizers are urging the Fund to go on without the U.S., including C. Fred Bergsten and Edwin M. Truman of the D.C.-based Peterson Institute on International Economic. They say there are various ways the IMF can get around the U.S.’s veto-wielding power over most major activities and decisions which require a supermajority vote of 85 percent. Although the largest single shareholder, the U.S. holds only a 17 percent voting share.

IMF Managing Director Christine Lagarde said last week the IMF is considering a “Plan B” for proceeding without the U.S., although she still hopes the U.S. Congress will act in time. http://www.washingtontimes.com/news/2014/apr/14/imf-gives-us-congress-year-end-deadline-passing-re/?utm_source=RSS_Feed&utm_medium=RSS

The world is starting to notice that the USA has currency problems and wants to resolve them. They will not end up being resolved as those who live in the USA prefer. The fact that the IMF has a ‘plan B’ without the USA shows that the world is starting to get serious.

As far as China goes, yes there are problems with how China and others in Asia have been able to take advantage of certain USA laws as well as improperly restrict imports of USA goods. That being said, China seems to be embarking on a program that will dethrone the USA dollar as the world’s reserve currency as well as to try to propose that its currency become its replacement. Currency manipulating actions by the Chinese seem to be intended for both near and long term purposes.

Overall, the Chinese see the weaknesses in what the USA has been doing and is taking near-term steps to capitalize on that and also appears to be taking long-term steps so that it can get by without the USA.

The USA dollar will be replaced. And while the Chinese currency will not of itself be that replacement, nations around the world are taking steps to replace it, and the USA itself continues to increase debt, which will help make the replacement of the US dollar biblically required.

Some articles of possibly related interest may include:

China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel.
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon?
Is China THE Threat to the United States of America? China is the world’s most populace nation. China has the world’s largest standing military. China is a major economic power and it holds a lot of U.S. debt. China also has problems with corruption, pollution, and its hukou registration system. Will China face civil unrest? Is China prophesied to be wealthy in the end times? Will China takeover the U.S.A. or will it be another power? What does Bible prophecy reveal? This is a video.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.