Wednesday, October 13, 2010

U.S. Should Buy Chinese Currency in various forms to create balance

Bergsten Says U.S. Must Label China Currency Manipulator: Video

I think Bergsten has it right here. If the U.S. buys Chinese currency in whatever way it can and whatever form it can buy it in it will begin to bring a parity between at least the U.S. and Chinese Currency imbalance. If Europe and Japan follow suit a balance can be created for the world currencies now and in the future.

click on "Bergsten says" above if you want to see a video of his idea.

Since China doesn't want to play fair maybe it's time for the rest of the world to level the playing field between nations.

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