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  Topic: U.S. won´t call China
a currency manipulator
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U.S. won´t call China
a currency manipulator

Associated Press, by Staff

Original Article

Posted By:LittleHoodedMonk, 11/27/2012 6:28:51 PM

Washington - The Obama administration has declined to label China a currency manipulator, noting that it let its currency rise nearly 10% in value against the dollar since June 2010. The administration says the Chinese yuan remains "significantly undervalued" and is urging China to make further progress. U.S. manufacturers contend that China is manipulating its currency to gain trade advantages. A weaker yuan makes Chinese goods cheaper for American consumers and U.S. goods more expensive in China. Republican presidential candidate Mitt Romney had vowed during the campaign

Comments:
I would believe Romney, someone who knows business, before 0bama. Speaking of, what´s stopping the UN from declaring US a money manipulator. After all, with this "fiscal cliff" looming because 0bama won´t give Congress any idea of where any possible tax cuts may come from, the dollar has got to be looking bad [weak].

      


Post Reply  

Reply 1 - Posted by: bkt23, 11/27/2012 6:52:45 PM     (No. 9036648)

That´s because WE are a currency manipulator of the worst order. When the Federal Reserve buys U.S. debt (Treasuries) and issues credit to the U.S. for those bonds, we know our currency is backed by promised future labor by you and me. Our money represents debt.

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Reply 2 - Posted by: clayusmcret, 11/27/2012 7:20:09 PM     (No. 9036672)

obama´s a liar. He played American subjects for fools.

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Reply 3 - Posted by: sgtfox of the jarhead clan, 11/27/2012 7:45:03 PM     (No. 9036695)

That would have required a bold leader with something more than styrofoam testicles.

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Reply 4 - Posted by: ColonialAmerican1623, 11/27/2012 10:56:08 PM     (No. 9036885)

Zippy certainly doesn´t want to bite the hand that feeds him.

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Reply 5 - Posted by: larhof52, 11/28/2012 7:49:15 AM     (No. 9037146)

On the bright side, I like buying stuff cheap at Walmart.

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