If they try to dump, nobody will be there to buy them. China sealed its own fate by refusing to run a legitimate currency while it had the strong hand. Now...they're screwed.
And here I was thinking all those people died so half the world could be run by Stalinists instead of a quarter of the world run by Fascists who were already on the brink of fiscal collapse...
As usual, 100% wrong. We've told the world: "devalue or kill exports." It's not just China and Germany. Reactions all over the world have been negative, and rightly so.
F'cked up German ideology was responsible for bringing fascist dictator Hitler to power. And F'cked up German ideology is responsible for bringing Germany's largest political party today to power, the Christian Democratic Union of Germany (CDU). The CDUs political ideology applies "Christian values" to public policy and emphasizes "Christian understanding" of humans and their responsibility toward God. WOW!!! The CDU is led by Chancellor Angela Merkel. In October of 2010, at a CDU meeting in Potsdam, Germany, Merkel stated that attepts to build a multicultural society in Germany had "utterly failed", stating "The concept that we are now living side by side and are happy about it does not work" and that "we feel attached to the Christian concept of mankind, that is what defines us. Anyone who doesn't accept that is in the wrong place here." DOUBLE WOW!!! Hitler must be smiling in hell. First old Adolf only wanted "Aryans" in his Germany. Remember what he did to those that he deemed weren't? Now new Adolf Merkel only wants "Christians" in her Germany. I wonder what she will do to those that she deems aren't.
Smart-ass remark. From Random.CAPITAL... how ironic. Maybe your dad should have died fighting for the freedoms you obviously take for granted.
wishful thinking on your part. "New York City Mayor Michael Bloomberg, on a visit to Hong Kong and the neighboring city of Shenzhen, had some harsh criticism for his own fellow Americans: Stop blaming the Chinese for their problems. As the debate rages over Chinaâs trade and currencies policies, the 68-year-old Bloomberg, now in his third term as mayor of New York, was tough on Chinaâs critics in the U.S. He spoke to reporters Saturday in Hong Kong after addressing a meeting of leaders from top cities around the world, dubbed the C40, focused on climate change and environment. âI think in America, weâve got to stop blaming the Chinese and blaming everybody else and take a look at ourselves,â he said."
LOL, you seem to live in the past...the Germans don't hate anybody except the lazy people coming to this country to only tap the social welfare system without giving anything in return...do you belong to this group and now face harder times?...but keep on taking words out of context to prove your 'hate' theories...that's entertaining, Mr. Al-Kaida...but you should use your energy otherwise...honestly...
no surprise we hear that from you. At least a few political leaders dare to speak the truth. US policies towards monetary policy are full of lies and deceit. If the rest of the world prefers to ignore it and is too scared to speak up then so be it. It should not preclude those who work hard and push ahead with top notch technology and quality products and a functional economy, which is not to the hilt in debt, to demand its dues.
As a matter of fact, China would still pull ahead at a 10-15% annual GDP growth figure if the US would not even exist today. Most Americans are not even aware that America being China's most important trading partner is a fact of a couple years ago already. Times change, seems one large nation is truly behind the curve if you ask me....