2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.96

-1.8%

Nov 14 4:00 PM EST

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To: Snowshoe who wrote (57670)	11/9/2009 11:43:41 PM
From: Maurice Winn	2 Recommendations Read Replies (2) of 217829

I don't understand the problem: <China's managed rate regime gave it too much of a competitive edge when it comes to exports.> If somebody wants to make me something really cheaply, they are welcome to do so. Suppose they made the exchange rate so absurdly undervalued that they are working for 1c per month, yes, that means that they'd get a lot of jobs and their exports would be really cheap for foreign devils to buy. So how is that a problem for the buyers? It's a problem for the sellers. Yes, it means foreign producers of the same things will have to get another job. That's not really a problem. That's how competition works - the inefficient high cost people go out of business. It looks to me like whining about "they are selling below cost". I've heard it all before, whine whine whine. It always means the whiners are too greedy with a sense of entitlement. It doesn't make sense for China's bosses to force citizens to work for few US$ when there are already umptymega$billions stacked up hoping dilution doesn't destroy the value of said US$ stash. I don't believe they are doing that. Given the unemployment and underemployment in China, perhaps the exchange rate needs to be even more in "their favour" as people put it. Mqurice

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