US is the biggest currency manipulator, bar none.

[deadbroke]

Quote from nitro:

WTF does this have to do with Currency Manipulation? I normally don't have a problem with a thread taking a life of its own, but your persistent posts ON THIS THREAD lead me to believe that you are either manipulating it so that it is moved to chit chat, or you are mentally ill and have a problem that is unresolved.

If it does get moved to chit chat as a result of your off topic posts, I will start it again, with the EXACT same video in this forum.

Want an on-topic post, Retard - one that dispenses with the liability of having to listen to gurus on TV or read voluminous books in order to decipher the truth - one that in one fell swoop tells the story in one glance - and with that glance, end of story, no need for any discussion of veracity or opinions, esp. since opinions are like assholes, everyone has one??

What do you say, Daddy-O?



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Self-explanatory but this is ET so here goes .....


Some U.S. politicians are complaining that China has kept its currency artificially low. But the yuan is actually up against the dollar and euro in 2011


How can anyone with a straight face declare that China needs to be punished for keeping the yuan artificially low when the United States is also aggressively trying to devalue the dollar with its monetary and fiscal policies?


Just another fckin rotten thread at ET - and for deadbroke, a tub of hot hot water, to wash off the insipid stupidity and he'll be as good as new. Same-O, same-O, different thread, same shit day after day.

 

[deadbroke]

A single Chinese man owns a Chinese restaurant, and one day a beautiful Chinese woman walks in. He immediately walks over and asks her out on a date. She agrees. They go out for a while, and soon, the man proposes to her. She says "Yes, but before we do, there's something you must know. I have never had the sex, but I've read about it." He says that it's not a problem, and they are married.

On their honeymoon, the man tells his wife that since she's a virgin, she can choose what they do first. She says "Oh, most honorable husband. I am honored to be your wife, even though I have never had the sex, but I've read about it. So, I have chosen to have the 69.

The husband looks confused, and after thinking about it, he says "You want.. the beef and broccoli?"

 

[Butterball]

Quote from Grandluxe:

The Hong Kong dollar has been pegged to the U.S. dollar forever, but no one ever accuses Hong Kong of manipulating the exchange rate.

Right, Hong Kong. Or what about Switzerland's EUR peg? Also no manipulation?

You guys crack me up.

A peg is always centrally planned currency manipulation. It's always some central planning bureau overriding market supply/demand in order to arrive at a manipulated target exchange rate.

 

[Random.Capital]

Quote from deadbroke:

How can anyone with a straight face declare that China needs to be punished for keeping the yuan artificially low when the United States is also aggressively trying to devalue the dollar with its monetary and fiscal policies?

If the Yuan can't handle US devaluation, then it is not a real currency, and China does not have a real economy.

But we already knew that.

To repeat: the Yuan is not a real currency. It is a figment of the Chinese politiburo's imagination.

 

[deadbroke]

Quote from Random.Capital:

If the Yuan can't handle US devaluation, then it is not a real currency, and China does not have a real economy.

But we already knew that.

To repeat: the Yuan is not a real currency. It is a figment of the Chinese politiburo's imagination.

http://en.wikipedia.org/wiki/Chinese_yuan

 

[Random.Capital]

From your link:

"The yuan was introduced in 1889 at par with the Mexican peso..."

Enough said.

 

[Grandluxe]

Quote from Butterball:

Right, Hong Kong. Or what about Switzerland's EUR peg? Also no manipulation?

You guys crack me up.

A peg is always centrally planned currency manipulation. It's always some central planning bureau overriding market supply/demand in order to arrive at a manipulated target exchange rate.

but that's exactly what I am saying.

You got the wrong end of the stick here.

 

[deadbroke]

Quote from Random.Capital:

the US at least has an openly tradeable currency.

that THEY must destroy in order to compete. And the little that we then have gets fcked even more by having to bail out the biggest crooks in existence who then just 2 short years later are attempting to fuck us in the ass again with all sorts of tricks/scams/fees.

The China Human Rights circus? America has taken out 2 countries recently, the latter totally innocent, yet nobody has gone to jail. Pakistan is now another totally ruined country courtesy the US of A.
Who's next?

By kill count alone, who is the biggest terrorist nation in at least recent times? The US of A.

Don't know about you clowns, but when a marginally armed man, less sophisticated and smaller in stature than I, and looking like he hasn't had a good meal in a decade, I can't bring myself to strike him. NO but my countrymen have no problem killing him, his entire family and even his kids.


Bottomline:

Just write the title of MANIPULATION

and the automatic champion is US of A.

but no American got the balls to fess up.

 

[deadbroke]

Quote from Random.Capital:

From your link:

"The yuan was introduced in 1889 at par with the Mexican peso..."

Enough said.

So what?

 

[deadbroke]

Quote from Random.Capital:

If the Yuan can't handle US devaluation, then it is not a real currency, and China does not have a real economy.

But we already knew that.

To repeat: the Yuan is not a real currency. It is a figment of the Chinese politiburo's imagination.

Unfortunately both links are American. Bummer. When I plugged in Yuan/Renminbi, both sites flashed the message

Exchange rate is not possible because the latter is a figment of the imagination - please select another currency that is real


http://finance.yahoo.com/currency-converter/#from=USD;to=CNY;amt=1


http://www.ratesfx.com/visualizations/charts/