this is a great bill I think forces the chinese to unpeg their currency or face the consequances...
(write to your Congressman and ask him to support the bill!)
1 posted on
02/03/2005 4:05:58 PM PST by
eluminate
To: eluminate
It's about time that they crack down on this. China's currency issues aren't just bad for us, they're bad for everyone.
2 posted on
02/03/2005 4:11:23 PM PST by
mazack
To: eluminate
Related thread (story without the text of the bill)
here3 posted on
02/03/2005 4:11:42 PM PST by
steveegg
(The secret goal of lieberals - to ensure that no future generation can possibly equal theirs.)
To: eluminate
They are holding billions of our treasuries, and buying more all the time. Have you heard of the expression "over a barrel"?
To: eluminate
How bout doing something radical?
Go back to the gold standard and give our currency intrinsic value...making it it's HOLD purchasing power regardless of what the idiots in Washington (or any other country) do.
To: eluminate
Based on what I read, I think China is about to un-peg Yuan to Dollar. They will probably peg it against a mixture of currencies.
The thing that concerns me is if they un-peg it too much and stop buying our foreign debt, the consequent inflation will be quite bad for us.
To: eluminate
Whatever happened to non-screaming titles?
22 posted on
02/03/2005 5:22:23 PM PST by
Doohickey
("This is a hard and dirty war, but when it's over, nothing will ever be too difficult again.”)
To: eluminate
To: eluminate
Cool. I'm gonna buy yuan and write my congressman!
27 posted on
02/03/2005 5:33:48 PM PST by
ovrtaxt
(Go Howard Go!)
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