Quote:
Originally Posted by EdgeXXX
I understand what the situation is, I was (for the most part) kidding. Let me ask you this though... right now China is holding a bunch of pieces of paper that roughly equate to IOUs from the US govt. What are they going to do with them?
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Dump em on the market - if they were deliberately wanting to cause damage. But.. doubtful there is any intention of causing damage>
More likely they are not interested in devaluing their currency to suit the US. This has other effects with all other global trading partners and there is a stated policy that the Chinese government will maintain a strong trading environment for any corps investing in China - changing monetory policy will have a detrimental effect on investor corps. Ironically, many of these corps are US based - and it's them who will be losing out.
Hell - Chinese product is based on cheap labor and cheap enough already. If the US can't afford to buy cheap product - don't order it and make the stuff within the US and create some jobs.