US-waged war of currencies

The world's largest debtor is using dollar dominance and debts to suck the wealth from emerging economies

In a drummed-up currency war, in which China is viewed as the main target, the United States once again revealed its desire to promote the redistribution of global wealth to its own advantage.

A currency war is in essence a financial war, or a war for more wealth possession, one in which the country that has the dominant say in world's currency issuance will gain an absolutely advantageous position in global wealth distribution.