Quote:
Originally Posted by Nuggie
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Between last year and the previous year the China yuan changed from 2% to 9% of global monetary exchanges. This is not an insignificant amount. The more we play games with the value of our currency the less appealing it is to other countries. Also, despite the shadow numbers the Chinese government puts forth about their economics, their economy will overtake ours. If we continue down current spending levels their currency will be worth more than ours.
Rome fell before, it will fall again.
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Do you really think that the GDP and economic gains of China is in any way sustainable? Even now they are performing extraordinary measures to mask a huge economic slowdown. China will continue to be competitive in a monetary market...but the dollar will continue to be the safest and most stable method to store funds. Also its easier to spend.