Wednesday, June 30, 2010

Why China's Currency issue is Different...Wm Kai Stephanos

China is different because most countries don't rely on the consistent use of forced labor , nearly forced labor and child labor to build up their currency. The Yuan is still not a "hard" currency, and that is only true because of the devaluation the CCP places on it artificially in order to support favorable trading profits coupled with incredibly low wages and terrible environmental policies. This is how/why China has made most of its foreign money in the last 20 years. That and its ever increasing real estate bubble. And, everyone knows it!

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