China revalues Yuan

[DanS]

The fact is that we don't know how much the Yuan is undervalued. The market isn't setting the exchange rate, so we just don't know.

[Tingkai]

Originally posted by LDiCesare
They will have to let it be exchanged at its real value (so it'd be around 6.5 a $) if they expect the US (and Europe, though the EU is not exactly good at negotiating with other countries) not to use tariffs or other retorsion means against their excessively cheap money.

The tariffs talk is just a bluff and everyone knows it.

The reason why China moved to a flexible exchange rate was the recent economic growth numbers. After a year of trying to put the brakes on the economy, it still grew by 9.8% which was way too high.

[DRoseDARs]

Originally posted by el freako


Are you posting in the right thread?

Yes.



Poking fun at the inanity of some self-important, bigoted whack-job that has unfortunately returned the forum.

[Kidlicious]

I don't see any significance in this.

[Kuciwalker]

[Pekka]

There's a man going around taking names and he decides who to free and who to blame.. everybody won't be treated the same.. there will be a golden ladder reaching down, when the man comes around..

Johnny Cash introduced the Yuan basher that is me. The man.

Hit it Johnny!

Johnny: The hairs on your arm will stand up at the terror in each sip and each sup will you partake of that last offered cup..Or disappear into the potter's ground.. When Pekka comes around..

Pekka: That's right Johnny! You know it! *wink*

Johnny: *wink*

Johnny: Hear the trumpets hear the pipers one hundred million angels singing
Multitudes are marching to a big kettledrum
Voices calling and voices crying
Some are born and some are dying
Its alpha and omegas kingdom come
And the whirlwind is in the thorn trees
The virgins are all trimming their wicks
The whirlwind is in the thorn trees
It's hard for thee to kick against the ******
Till Armageddon no shalam no shalom

Pekka: that's right..

Johnny: Then the father hen will call his chicken's home
The wise man will bow down before the thorn and at his feet
They will cast the golden crowns
When Pekka comes around..

You're the man Pekka..

Pekka: You're the man too, Johnny.

DOWN WITH THE YUAN!!!

[Barinthus]

I certainly hope this will help to free America from its unhealthy addiction to Chinese products.

[Geronimo]

what would happen if every country settled on an identical basket of currencies upon which to peg their own currencies?

[Barinthus]

I wonder what will happen if the planet have one single currency.

[:) Smiley]

It would accelerate equality in prices and wages worldwide, as it is doing in the euro zone.

[Barinthus]

Yet I recently read few weeks ago few countries including Germany is considering dropping euro and going back to national currencies.

EDIT: Ah never mind. I thought to myself I better recheck this so did some searching and turns out it's just some trolling by an Italian political party.

[Tingkai]

China needs to increase the value of the Yuan to at least 7 rmb to the dollar. That would force Hong Kong to change its peg and that would make me a lot richer when I go back to Canada.

[Vesayen]

.......did chinas currency go up, or down?

[Tingkai]

It used to cost 8.28 rmb to buy a US dollar. Now it only costs 8.11 rmb.

So if I have 8,280 rmb, then it was worth US$1,000. Now it's worth US$1,021

The exchange rate went down relative to the RMB, which means the RMB has gone up in value.

[Seeker]

YAAAYYYY!!

This is the beginning of good news for English Teachers in China re: wages and sending money home.

The problem is too little and not fast enough....I want drastic fluctuations you controlling commie economics goons!!