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Message: US Senators Want Probe into Alleged Yuan 'Manipulation'

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Re: US Senators Want Probe into Alleged Yuan 'Manipulation'

posted on Nov 20, 09 07:56AM

That's kind of rich actually.

It was the US that created the current situation in the first place by.

1./ Defaulting on their gold/dollar obligations in the 70's.

2./ Debasing their currency to toilet paper.

The US dollar is the world reserve currency. With that comes the responsibility to not abuse it.

They now want the Chinese to take a drastic cut on their current US dollar reserves because of this mismanagement.

Their is no doubt the Chinese are abusing the current world monetary arrangements but it was the US that created it in the first place.

I realy don't know why people trust their governments so much. There is really nothing that says FAIL so much as the current mess they have created.

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