This means war.

The currency wars began a while ago—the financial press is now catching on as a theme fit to print. As we all know, China is at the center of this war and the primary aggressor.

Though undeclared still, with lots of covert activity, much is becoming clear. Even Europe is stepping up to the plate to criticize China. Eurozone officials followed through on yesterday’s report that they would pressure China to free up the yuan so as to reduce “competitive” pressure on American and European businesses.