US pundits helping China
in response to
by
posted on
May 20, 2010 05:02PM
The company is now known as FUSE Cobalt.
As all these pundits pump the US dollar and push commodity prices down they forget that the Chinese hold over a trillion us dollars and the Yaun is tied to the US dollar.... Therfore this US dollar frenzy they are creating is helping China build yet an even stronger base.
China is a nation of consumers now, and a strong Dollar/ Yaun makes it more affordable to continue grow. Their inflation is being offset by their gaining currency strength.
Keep in mind that when the US dollar eventually looses this support the Chinese will still have one more card to play, increasing the value of the Yaun to the US dollar. They are just begining their world dominence.