posted on Apr, 9 2011 @ 09:39 PM
First of all, these idiots are talking about the currencies as if their relative valuations were happening in a vacuum and could be controlled with
central bank policy. The truth is that the nations with real economies, based on production and natural resources, have the strongest currencies. Euro
excepted - Germany has a decent economy, but the Euro is hamstrung by PIIGS and other debt/fraud based nations in the Eurozone. Getting a grip on a
currency starts with dealing with the root cause of these financial crises - in the end, people need to produce real things with real value for a
currency to thrive.
Second of all, he irritates me with his talk of "dangerous wage inflation." Paying a living wage is not a bad thing! Did you expect Mr. Woo to pedal
his rickshaw and live in a shanty forever? Pay the workers enough to eat, and they can boost their economy at home by buying their own things. Oh, so
terrible! That would cut into profits!