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From: Hachiroku ハチロク on 21 Jun 2010 13:08
All you folks can soon say "Goodbye" to cheap Chinese goods. The
government of China has *FINALLY* to decouple the Yuan from the Dollar.
Why the overseas markets are soaring I can only guess, but I would imagine
it would have something to do with a new world economic power looming
onthe horizon.

Also, all the debt China bought? If the Yuan surges on the markets, that
amkes the dollar weak, which means we will have to pay *MORE* to settle
our debt with China, with even *MORE* dollars going to Bejing.

Excellent way to break out economy, especially since we are now having
China doing most of our manufacturing for us. It was one thing when the
Japanese came in with quality inexpensive goods (How long has your Onkyo
been playing music for you? Your Panasonic clock radio? Your JVC TV?) but
the difference is the Chinese are producing *AMERICAN* goods: Dell,
Compaq, HO and Apple computers, parts for GM and Ford, and a lot of things
sold in stores like Home Depot and Wal*Mart with US brand names.

This is the beginning of the end of the US as a manufacturing and economic
leader, and we get stuck with an Empty Suit in the WH.


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