Showing posts with label U.S. Should Buy Chinese Currency in various forms to create balance. Show all posts
Showing posts with label U.S. Should Buy Chinese Currency in various forms to create balance. Show all posts

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.