Since the Idiocracy insists on making the same mistakes over and over again, it makes it fairly easy to track the path of destruction through the Ponzi trailer park:
The locus of risk is the Chinese Yuan/dollar currency pair. But since it's "managed" by Commie capitalists, we look to the unmanaged Yuan/Yen, which is the biggest source of hot money to China. And for the trajectory, we can look to the Nikkei stock market since it's 100% correlated to the Yen:
All of which confirms that we are in the eye of the hurricane:
Yen/Yuan (black) is 83% correlated to China's FX reserves (red):
And it tracks the S&P too. Or should I say vice versa...