I'm surprised there's no mention of the impact of recently rising Federal Reserve Rates[1] on the Chinese Currency or the fact that the Yen was recently added t

I'm surprised there's no mention of the impact of recently rising Federal Reserve Rates[1] on the Chinese Currency or the fact that the Yen was recently added the IMF's Special Drawing Rights currency[2]. Since China's moves in August I think its fair to characterize this as a currency war. And it's Dollar Hegemony that's hanging in the balance[3]. Many have characterized it as a war for much longer. What's different now? The proxy wars between the United States and Russia are heating up and tensions between China and the rest of East Asia are heating up. Western sanctions on Russia for Ukraine pushed it toward China and that may just have been the tipping point[4]. I find it remarkable how able the performances of equity markets are to obfuscate the currency and bond markets that are driving them[5]. When equities move fortunes change, when currencies move, the balance of power on the planet changes. [1] http://qz.com/588049/what-the-fed-was-thinking-when-it-finally-raised-interest-rates-last-month/ http://qz.com/588049/what-the-fed-was-thinking-when-it-final... [2] http://www.globalresearch.ca/chinese-yuan-incorporated-into-imf-special-drawing-rights-sdr-us-congress-gives-in-and-endorses-the-imf-quotas-reform/5499619 http://www.globalresearch.ca/chinese-yuan-incorporated-into-... [3] http://www.brookings.edu/blogs/ben-bernanke/posts/2016/01/07-dollar-international-role http://www.brookings.edu/blogs/ben-bernanke/posts/2016/01/07... [4] http://www.economist.com/news/china/21650566-crisis-ukraine-drawing-russia-closer-china-relationship-far-equal http://www.economist.com/news/china/21650566-crisis-ukraine-... [5] http://qz.com/588704/chinas-stock-market-isnt-the-problem/ http://qz.com/588704/chinas-stock-market-isnt-the-problem/