Despite cage-rattling rhetoric from US politicians accusing the Chinese of currency manipulation, I've always posited it is the US government that is the world biggest currency manipulator, with the Fed and US Treasury acting as complicit agents. The Chinese merely peg the yuan to the dollar, which is being mercilessly debased by the US.
http://www.zerohedge.com/news/will-china-label-usa-currency-manipulator
Monday, November 14, 2011
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