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1 posted on 07/10/2011 8:57:48 PM PDT by Nachum
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To: Nachum
Until recently, the Chinese Yuan was officially pegged 1 to 1 with the U.S. dollar. Then they got Bernacked and were forced to cut their currency loose, hence a differential that can be hedged.

Another nail in the coffin is a perfect analogy for the dollar's impending collapse.

2 posted on 07/10/2011 9:04:57 PM PDT by Zakeet (The Wee Wee's real birth certificate got shredded with his Rezko mortgage records)
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To: Nachum; bruinbirdman

I don’t like it. But with several noticeable trends in policies, it was bound to happen.


3 posted on 07/10/2011 9:06:26 PM PDT by familyop (Rome was burned in a day--twice.)
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To: Nachum

Does anyone that is sane and rational still doubt Obama’s agenda of American destruction? Will the Congress ever stop him?


4 posted on 07/10/2011 9:21:42 PM PDT by EagleUSA
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To: Nachum

the Chinese economy is doomed.

Chinese save something like 30 or 40 percent of their income.
That ie WAY too much.

Leads to real estate speculation and the construction
of ghost cities. On top of that,
nobody knows who owns land.


8 posted on 07/11/2011 1:58:18 AM PDT by 50gunsalute
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To: Nachum

Trading in futures of the Chinese yuan? No thanks, especially with China’s recently-revealed scandal on a gigantic amount of bad bank loans. And China has not addressed the issues of overpopulation, major pollution of air, water and land, and the extreme disparity between the rich and poor.


10 posted on 07/11/2011 4:17:39 AM PDT by RayChuang88 (FairTax: America's economic cure)
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