Quote:
Originally Posted by Blacdout96
long china quote
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China can't keep up what it's doing forever - it's causing inflation in its own country and making it so the average person there can buy less and less meanwhile enriching foreign citizens. Overspending in the US is helping keep the momentum of the vicious cycle going.
The way China keeps the Yuan devalued is by buying American dollars/bonds. We keep spending too much, thus printing more of them. What the Fed did recently with its quantitative easing was to try and cause a little inflation which would bring the value of the USD down slightly which when China owns trillions worth of USD, means a big hit. It's a matter of give and take.
1995-2005 China had fixed its Yuan - USD exchange rate by printing money and increasing its currency reserve to match the 1995 USD-Yuan level. It restricts the amount of foreign assets that locals can invest in.
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1995 Z28 Convertible A4 13.78 @ 100 (CAI, high flow cat, catback, 160 thermo, hypertech, Strano springs, Koni yellows, sway bars, 3 pt. UMI SFC)
2018 Sea Doo GTX - 3 cylinders and das boooooost
Quote:
Originally Posted by BonzoHansen
Is English your 2nd language? Did you graduate high school? Your posts make my head hurt.
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