Views: 1353|Replies: 1

China Is the World's Current Free Lunch [Copy link] 中文

Rank: 8Rank: 8

Post time 2013-8-24 14:08:53 |Display all floors
As practically all currencies are devaluing against the US dollar, China insists on maintaining the overvalued Yuan at 6.121 CNY/USD, making China the ultimate fool in that in effect it is paying more dollars for every foreign currency on the market, not just to Japan, but also to India.  With China willing to lose its 3.4 trillion US dollars of foreign reserves for the worthless vanity of being overvalued against the dollar, any country would be a fool to not devalue its currency against the dollar, and then trade with China using the current exchange rate regime.  That is a free lunch no respectable central bank in the world could pass up.

Use magic tools Report

Rank: 6Rank: 6

Post time 2013-8-25 07:05:08 |Display all floors
The USDollar is of course overvalued and the zionists keep printing more without any guaranties at all, the Federal Reserve is a couple of zionist bankers big scam printing money with no value at all. China better sell USDollars and buy up other currencies cheap. The Renminbi (Yuan) is most probably valued way too low. Giving away more Yuan for every USDollar is really buying them a free lunch.

Other countries devalue their currencies because they have collapsing economies in recession, while China is going strong and don't need to do any changes for the moment, in fact more and more countries want to invest in Yuan instead of the USDollar.

Use magic tools Report

You can't reply post until you log in Log in | register

Contact us:Tel: (86)010-84883548, Email:
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.