China revalues the Yuan!
This is big folks! The first time in decades.
http://www.forbes.com/newsletter/200...apbox_inl.html Quote:
If anyone has learned anything about the PNAC, you would know the main goal is to contain China before they get to big economically and militarily. Could it be too late? What can you do with a surplus of 100,000,000 angry men ? Let them relieve some stress by rioting in the streets or ship them off with uniforms and guns and make them believe its all Americas fault. Or will things be just fine? |
everything will be fine, the limited float is a reflection of the strength of the chinese economy and is overdue. Bush has been bitching about the undervalued yuan for years.
Although if china diversifies its currecy reserves as it is likely to do (it's pegged to a basket of currencies now rather than the greenback soley) it may bring about a fall in the dollar, which is bad news for everyone. China's worked hard for its growth. Don't expect them to lose control. A conventional war with the US is impossible and vice versa. They've also got the Olympics in 2008 and any confrontation over Taiwan will be put off until after that. And I expect the US will just let them take it. |
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Floyd Floyd Floyd…… The sky is not falling. I thought you were going camping? This is a very good thing, The US and other countries have been putting political pressure on China to make this move. If China didn’t chances were very good the US was going to implement trade sanctions. China’s currency is way undervalued right now. I am not going to go into the full financial and economical reasons why this is good for all countries, but it is. Search Google and avoid the “Sky is Falling” web pages to find the proof.
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sinner sinner sinner... wellsy wellsy wellsy... you may think you know how my mind works, but you havent a clue. Since when is forbes a 'sky is falling' website. Did you even read my last post before this one. You are so poor you cant afford to pay attention.
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You are right I don't know how your mind works and I really don't care either. Never said Forbes was a Sky is Falling website, you just assumed I did. Bad assumtion. I agree, I am poor, Things are looking up though, I am thinking about moving back to the UK, Bermuda to be exact . Been offered offered a job there. Just working out the details of the contract they want me to sign. |
you care or else you wouldnt have replied :)
Good luck on the Bermuda deal, i hope it all works out for you. |
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