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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Joe S Pack who wrote (50290)	5/22/2009 1:37:54 AM
From: elmatador	Respond to of 217901

If China currency would challenge the USD by having its currency becoming convertible, the currency will skyrocket, thus making Chinese goods expensive and imports cheap. China, again, would have to change internally forced by the new set of circumstances. <<Now, imagine a world in which China could borrow and lend internationally in its own currency. The renminbi, rather than the dollar, could eventually become a means of payment in trade and a unit of account in pricing imports and exports, as well as a store of value for wealth by international investors. Americans would pay the price.>> nytimes.com Why China does not do that. Simply because it cannot. The whole Chinese superstructure is geared for export based on undervalued currency.