On the Dollar, China and Commodities

//www.lewrockwell.com/rogers-j/rogers-j51.1.html

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Our financial dependence on China

Campaign For Liberty
by Peter Schiff

11/21/09

During President Obama’s high profile visit to China this week, the most frequently discussed, yet least understood, topic was how currency valuations are affecting the economic relationship between the United States and China. The focal problem is the Chinese government’s policy of fixing the value of the renminbi against the U.S. dollar. While many correctly perceive that this ‘peg’ has contributed greatly to the current global imbalances, few fully comprehend the ramifications should that peg be discarded...

//www.campaignforliberty.com/article.php?view=378


Informant: Thomas L. Knapp



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