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China runs circles round adversaries

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posted on Oct, 6 2010 @ 05:03 AM
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China runs circles round adversaries


blogs.reuters.com

If the global currency war was a baseball game, they would have to invoke the “slaughter rule” and send China home the winner.

Motivations and consequences aside, China is so adroit in melding diplomacy, jawboning and action to keep the value of its currency low that you have to feel something approaching compassion for its plodding adversaries from the U.S., Europe and Japan.

China’s latest well played move is its pledge to use some of its massive foreign currency reserves to support poor Greece, which the markets widely believe will default some fine day, European Union support o
(visit the link for the full news article)




posted on Oct, 6 2010 @ 05:03 AM
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Basically in short, china devalues its dollar and keeps it cheap for other countries to invest in it. Further, it buys up the debt of greece, japan and also as we know it has some US debt. They say this makes the euro stronger, against what? The US currency. What can this cause? More and more industry to go to china, more and more reliance on china. While other countries go to war and fight they sit there and become the next super power.

blogs.reuters.com
(visit the link for the full news article)





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