reply to post by wylee
For the Yuan to rise, it would be sucidal. It would mean lower exports, more worse in these climate of protectionsim of jobs and resources in other
nations. The masses, already on low wages, will go nuts.
The CCP had 'stolen' technology or 'stupidly given away by rapacious Corporation' operating there, and will use such technology to good use as
the Japs had done back in the 70s, but unfortunately, due to its high corruption, their success in such fields will be limited.
The CCP is stuck, and knows it. For all its belligerance on the world stage, it is in reality on its knees. For all its bravodo of a now monetary
system, it will not come to pass or surpass the common US dollar and the trust it still commands.
Fap and Trade is a joke. It will never pass, simply because there is no supporting evidence that it may even help our environment at all. President
Obama be may a staunch environmentalist, but he is also a pragmatic person and know where to draw the line.
He, like many other tree hugger politicians had been fooled and embarassed by the Climategate scandal. Make no mistakes, Climate change is a reality,
and had been a reality for centuries.
The critical issue is not the 5 % help Cap and Trade can offer, but other more vital ideas and programs to minimise Climate change's effect, such as
population relocation from danger areas and strengthening existing structures, as well as funding for alternative energies.
Am I right or wrong? I don't know, but I trust logic and reason.