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Reply #3: Screw you China...don't blame the US because you fucked up even worse than we did. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
tjwash Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-28-10 09:25 AM
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3. Screw you China...don't blame the US because you fucked up even worse than we did.
They have been keeping their currency artificially low for over a decade now, and basically borrowing off the equity of it being artificially low, and exploiting a cheap labor pool to create that false boom they have going on. When their currency gets forced up soon, they are going to have the trade deficit of all trade deficits and an inevitable crash and burn will make the housing meltdown look tame by comparison.
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