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Should China Label the U.S.a Currency Manipulator? Yes, of course. November 30, 2012

Posted by hslu in China, Economics, Euro, Global Affair, Obama, Politics.
Tags: , , , , , , , ,
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Obama administration has just decided not to label China a Currency Manipulator.

For good reasons.

Actually, the real question should be “Should China label the U.S.a currency manipulator? ” The answer is, of course, “yes!”

Just ask Bernanke! He’ll tell you that’s exactly what he intended to do and we have WSJ to prove this: “Bernanke wanted developing economies to let their currencies appreciate.”

http://online.wsj.com/article/SB10000872396390443749204578055600111447318.html

All that fiat money printed by Bernanke for QE3, $40 billion every month until who know when, is searching for higher yields and a lot of that has gone to the purchases of currencies of foreign countries.

America is not only manipulate the US dollar, it even wants to manipulate other weaker countries’ currencies.

It really give “currency Manipulator” a new meaning.

 

Whether Bernanke succeed or not is not the question answer

 

 

Comments»

1. tyvandcontradicts - November 30, 2012

This really isn’t fair, there is a big difference between letting someone else’s currency appreciate and having policies who’s sole or main goal is to drive down the value of your own currency

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