[sparkscoffee] Re: currency war looms
- From: Sblumen123@xxxxxxx
- To: sparkscoffee@xxxxxxxxxxxxx
- Date: Wed, 6 Feb 2013 20:27:29 -0500 (EST)
RG
Not a stock player but the USA has been complaining forever
that China under values their yen which unfairly lowers the
price of their goods and encourages more joint ventures
(the only country in the world that has such a gimmic I believe?)
making the stupid short sighted captalists temporarily richer.
It's not slave labor, their standard of living is skyrocketing
along with their productivity. The price of gasoline and diesel to
a substantial degree is effected by how much oil China imports
which I heard and saw several times. The amount of production
is more important then the price of the yen.
Comrade B.
In a message dated 2/6/2013 6:02:45 P.M. Eastern Standard Time,
xgeorge@xxxxxxx writes:
Yen continues its weakening trend as currency war looms
_http://www.taipeitimes.com/News/biz/archives/2013/02/02/2003554003_
(http://www.taipeitimes.com/News/biz/archives/2013/02/02/2003554003)
Traditional believers in laissez-faire love FREE TRADE which is nothing
more than trade as a result
of wage-arbitrage. This is not even trade: this is slavery.
Currency wars are doomed to failure because you can't compete with goods
made by slaves.
RG
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