Why should China devalue its money to the point the US has devalued it's own currency?
5 Year chart of the US dollar in comparison to Chinese Yuan http://finance.yahoo.com/q/bc?s=USDCNY=X&t=5y&l=on&z=m&q=l&c= The Chinese bought a treasury bond they were "paid" interest on the purchase of one US dollar and converted it to 8 Yuans The US has been printing money to make up for the fact no one is buying their treaurty bonds anymore and that has lead to devaluing the currency of the US Now instead of converting that one dollar to 8 it converts to 6 because the US has devalued its money And the US answer ? Devalue your own currency to make up for the difference by printing more Yuans and steal the purchasing power of the money from the Chinese people to make the equation table LOOK like it used to Surprise they think its a stupid idea Why should China devalue its money to the point the US has devalued it's own currency ? One year chart http://finance.yahoo.com/q/bc?s=USDCNY=X&t=1y&l=on&z=m&q=l&c= 3 Month chart http://finance.yahoo.com/q/bc?s=USDCNY=X&t=1y&l=on&z=m&q=l&c= 5 days http://finance.yahoo.com/q/bc?s=USDCNY=X&t=5d&l=on&z=m&q=l&c= Every time Bernake hits print he devalues the US currency and takes all incentive of the Chinese or anyone else away from investing in the US and yet he hits print more and more these days Whose side is he on ?
Politics - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
You are an idiot dude. Lol
2 :
Our currency dropped by FIFTY PERCENT against the Euro during Bush's terms, BEFORE DEMS GOT THE CHAIR! That's the biggest drop in our Country's history. It happened because of the tax cuts and ballooning debt. Obama has STRENGTHENED the dollar since taking office, mostly by reducing the deficit BY 125 BILLION DOLLARS!!!
3 :
I can see a pattern developed here.
