Author: abramicus

China Must Let the Yuan Devalue to 6.50 As Soon As Possible. [Copy link] 中文

Post time 2014-12-12 12:46:26 |Display all floors
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Post time 2014-12-12 16:51:49 |Display all floors
Devaluation is NOT a bad word.  Losing more than $1.5 trillion dollars with NOTHiNG TO SHOW, is devilish.  The way to avoid any further self-inflicted economic losses is to devalue the RMB to 6.50 yuan/dlollar as soon as possible.

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Post time 2014-12-12 17:04:42 |Display all floors
Better still why not do as the majority of the worlds currencies do and let it find its own value. why not let it float according to a free market and remove any government pegs.

Do you really think that Japan will be nearer war after the December elections?

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Post time 2014-12-13 01:57:34 |Display all floors
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Post time 2014-12-13 04:41:08 |Display all floors
futsanglung Post time: 2014-12-12 17:04
Better still why not do as the majority of the worlds currencies do and let it find its own value. w ...

US dollar, euro, ruble, Swiss franc, sterling and yen are all manipulated more or less by local central banks. They use interest rates, asset purchases, forex trade, borrowing to the banks and statements to manipulate the currency to benefit their own economy.

Currency values are not based on free market, they are far from it.

You should open newspaper sometimes and read more than the cartoons.

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Post time 2014-12-13 11:05:24 |Display all floors
mixamixa Post time: 2014-12-13 04:41
US dollar, euro, ruble, Swiss franc, sterling and yen are all manipulated more or less by local ce ...

Ho hum, my business expert speaks again.

Yes countries can manipulate their currencies to some degree but they are effected by factors such as jobs, trade and confidence in government policies. The RMB is totally controlled by the government with no influence by outside factors, just look at the one day changes that occur when it suits the government to alter it for a few hours.

I have a business using multiple currencies and that is also altered by certain commodity prices, if my grasp on Fex was not so hot I would lose a packet.

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Post time 2014-12-13 14:37:18 |Display all floors
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