Quote:
Originally posted by Smokey The Bear
The usa is keeping the dollar artificially low to curb inflation and make goods cheaper for foreign export.
Its what makes america strong and what keeps it from going thru dips.
And its what keeps you third world shmoe's at our doorstep and in our footsteps.
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China is doing the same (although through different more heavy handed means). The true price of the YUAN is HIGHER than the official government rate. The government is INTENTIONALLY keeping the yuan down to make Chinese exports cheaper throughout the world. This has serious inflation consequences but it seems to be working--almost everything that requires little to mid tech manufacturing capability is made in China