Insulate America from the Coming Financial Storm

The continuing devaluation of Chinese currency is bound to have large-scale effects on the American consumer. As our economy has shifted towards a service-based one, we have outsourced almost all production to China, Japan, Taiwan, and Latin American countries. As most of the developed world experiences typical inflation, China’s economic policy in recent years has been to keep their currency artificially low in order to force basement-bottom prices on goods exported to America. So far, this arrangement has been functioning. However, sooner rather than later the Chinese economy will force it to accurately represent its currency. This will skyrocket the prices on goods manufactured in China. As a result, Americans and American communities should focus on supporting local markets and production sources in order to insulate themselves from the coming storm. Farmer’s markets, and for production goods American-made items will help our economy weather what is sure to be a trying time for much of the world.