China Devaluing the Yuan

Discussion in 'Economy' started by Annie, Dec 8, 2008.

  1. Annie
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    Annie Diamond Member

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    This doesn't look good:

    Chinese economy: 1930s beggar-thy-neighbour fears as China devalues - Telegraph


     
  2. editec
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    editec Mr. Forgot-it-All

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    DEvaluing it!?! Holy shit!

    Okay, let's get real here, shall we?

    They're doing this because they're willing to keep their workers poor for the wellbeing of the Government of China.

    We ought to imposed HUGE tariffs on Chinese goods to offset this DEvaluation of their currency.

    I doubt we will, though.

    The Dems have a long history of cozying up to the Chinese, so they're not likely to want to piss them off.

    DEvaluing means still more imports coming in from China and still MORE jobs (read investment from our industrialists) leaving America to take advantage of that devaluation.

    If we don't soon start thinking like nationalists, this nation is going down, folks.
     

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