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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (30721)	10/9/2010 4:50:57 PM
From: ggersh	Read Replies (2) \| Respond to of 71456

"American manufacturers contend the Chinese yuan is undervalued by as much as 40 percent and this has cost millions of U.S. manufacturing jobs by making Chinese goods cheaper in the United States and U.S. products more expensive in China." This is nothing but pure BS!

To: DebtBomb who wrote (30721)	10/9/2010 9:35:38 PM
From: John	Read Replies (2) \| Respond to of 71456

Great article. I was about to post it when I saw you had already linked to it. I found this part quite interesting... usatoday.com excerpt: Various nations are seeking to devalue their currencies as a way to boost exports and jobs during hard economic times. The concern is that such efforts could trigger a repeat of the trade wars that contributed to the Great Depression of the 1930s as country after country raises projectionist barriers to imported goods. [...] World Bank President Robert Zoellick said the rising economic tensions reflected a weak global recovery. --- "...weak global recovery..." That's laughable. What recovery? The "recovery" consists of the U.S. government buying U.S. stocks and bonds and printing trillions of worthless clownbucks. This will end very badly as debt overwhelms nation after nation and printing devalues all global currencies. It's going to be a brutal downward spiral for the non-elite for many years to come.