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To: Pox

“Anyone who would trust the CCP currency is not someone I would want managing my funds or managing anything.”

***

Today it’s 6.69 Yuan to the Dollar. Dec 31 of this year, probably 4 to 1.


8 posted on 06/20/2022 1:41:37 PM PDT by BusterDog
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To: BusterDog

“Today it’s 6.69 Yuan to the Dollar. Dec 31 of this year, probably 4 to 1.”

Now think that out. That means all Chinese products sold in the US will be 40% MORE EXPENSIVE!

A Walmart shopper now looks at a Chinese tool for $10, vs a US tool for $8, rather than the way it is now, Chinese tool for $6, vs a US tool for $8.

China has gone to great lengths to keep the yuan CHEAP compared the dollar. If the yuan strengthen as you claim, that would give their competitors (small Asian nations, where Chinese supply chains are moving to), both US and others, A HUGE COMPETITIVE ADVANTAGE. Do you think China wants that? In a mercantilist export economy like China’s, a strong currency is a kiss of death.


9 posted on 06/20/2022 2:07:40 PM PDT by BiglyCommentary
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