yeah, it's not like we are doing it!!! wait... nevermind
Posted on 04/13/2013 10:08:09 AM PDT by Olog-hai
The U.S. Treasury on Friday warned Japan not to actively weaken its currency as it again refrained from naming China a manipulator.
In its twice-a-year assessment of whether any nation is a currency manipulator, Treasury said it will “closely monitor” Japan’s policies and the extent to which they support the growth of domestic demand. The new Shinzo Abe administration has pushed for aggressive bond-buying at the Bank of Japan, and the yen has dropped 13% against the dollar this year. The Japanese currency rose in Friday afternoon trade after the report was released. …
China, meanwhile, escaped being branded a currency manipulator by the U.S. government, due to an appreciation in the yuan and a drop in its current account surplus. China hasn’t been named a manipulator since 1994. Both Obama and George W. Bush administrations have been loath to name China a manipulator because of fears of escalating trade tensions. …
(Excerpt) Read more at articles.marketwatch.com ...
The US does the same thing, just not as fast as Japan said it would
Or we’re gonna do what????
So, of course, we are issuing warnings against ... Japan?
I'd buy a new 240Z if I could get one. 8-)
There goes another bridge that Obama burned.
That’s something I don’t get . . . Nissan’s made a V8 for cars ever since the Infiniti marque came out (first in the Q45), but they stubbornly refuse to put it in their Z-cars. We’re well overdue for the 450Z, I think (or bore it out and make it a 500Z or something) . . .
Same with Toyota; they’ve made V8s for cars since the Lexus LS400, but they never put a V8 into the Supra, instead opting (for the last model years) to make the top engine a twin-turbocharged straight six.
Ben, the counterfeiter in chief, does not want someone cutting in on his territory.
George Soros is giving Ben his marching orders on the Yen.
yeah, it's not like we are doing it!!! wait... nevermind
Ask lil Kim to shoot some missiles at them.
Our presses can run faster than yours can, our presses can run faster than thee.......
...as it again refrained from naming China a manipulator... The new Shinzo Abe administration has pushed for aggressive bond-buying at the Bank of Japan, and the yen has dropped 13% against the dollar this year... China, meanwhile, escaped... due to an appreciation in the yuan and a drop in its current account surplus... hasn’t been named a manipulator since 1994.In order to maintain the trade deficit, the Chinese buy US gubmint debt, hence the Yuan floats along with the Dollar. Talk about the Chinese dropping the USD as a reserve currency and economic collapse is nuttery, or perhaps just market churning.
Or we’re gonna do what????
My thoughts exactly. How arrogant can we be. lol.
We are the King of worthless printing-press currency.
bump
Exactly. How can we criticize other governments for doing what our Federal Reserve has been doing for years.
We live in a strange king of alternative reality where governments think printing worthless paper is sound monetary policy. I wonder what my liberal Economics teacher would say now. I remember he was a ceaseless critic of Reagan’s deficit spending. I suppose that he would be like other Obamabots and not say a peep now.
China has made aggreement with other countries, the lastest being Austrailia, to trade in yaun, so it is not nuttery.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.