Saturday, November 13, 2010

Steves barking at the China US trade war?

Oh no mister Bill China is complaining that the US fed is cheapening the dollar leading to a trade war.
No the fed is not cheapening the dollar its actually doing just the opposite?
What the f***?
The fed is buying bonds, putting more money in circulation there by enabling the people of the United States to by the products produced in China.
Now possible this is just a ruse to on the Chinese part as payback for the United States pushing to have the Yuan higher.
Of cause I'm still trying to think of 20 US Businesses that would hyper US workers to sell their wares to the Chinese if the yuan was revalued. I can't think of 15 or even 10.
Now the cost of goods that are sold in the US that are made in China will go up and or profits of certain will go down.   There's even a good chance  US unemployment will rise.
Nothing like having 19Th century economics to the 21st century.                

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