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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Pow! China Signals Weaker Currency After U.S. Senate Vote

Pow! China Signals Weaker Currency After U.S. Senate Vote | Countdown to Financial Armageddon | Scoop.it

For the second consecutive day after a U.S. Senate vote aimed at penalizing China for undervaluing its currency, Beijing lowered the range at which the yuan could trade against the dollar.

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"We've Averted a Disaster, Until The Next One" Senate Deal Prevents US Shutdown

"We've Averted a Disaster, Until The Next One" Senate Deal Prevents US Shutdown | Countdown to Financial Armageddon | Scoop.it

The US Senate approves a budget bill, amid a dispute over disaster relief that threatened a partial government shutdown. "We've averted a disaster, until the next one," Democratic Senator Ben Nelson told Reuters news agency.

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War! US Senate Passes China Yuan Bill

War! US Senate Passes China Yuan Bill | Countdown to Financial Armageddon | Scoop.it

The US Senate votes through a bill which aims to punish China for keeping its currency artificially undervalued.

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