Quote:
Originally Posted by Expired
Funny because the Chinese dollar is in a world of trouble just like ours..
Like us, they also don't have any 'real' currency such as gold to back it up.
Me and my dad we're talking about this last night.. It doesn't matter what they have the currency in, when the U.S. and other major countries currency drops in value, it will drag everyone else down with them.
-Nathan
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Isn't the Chinese Yuan still price locked to the dollar by the Chinese? We've been saying for awhile that the Chinese need to let their currently float rather than lock it to the dollar. I think this is part of the cause for the drop in the dollar over time.