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Old 08-12-2015, 10:16 AM
mm4 mm4 started this thread
 
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Europeans devalued theirs, Japan did, now China. They do that in order to increase the odds of gaining business opportunities, i.e., 'trade war.'

The blanket and saddle and yoke and head plume and tail bandage and other tack that Obamacare wants to buckle onto American workers costs too much for the dwindling number of American employers in the parade.
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Old 08-12-2015, 10:19 AM
 
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China accused Obama's QE of devaluing our currency.
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Old 08-12-2015, 10:19 AM
 
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What do you mean by devalue labor?
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Old 08-12-2015, 10:20 AM
mm4 mm4 started this thread
 
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Quote:
Originally Posted by michiganmoon View Post
China accused Obama's QE of devaluing our currency.
Well there's only one thing for the Fed to do.
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Old 08-12-2015, 10:22 AM
 
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Originally Posted by michiganmoon View Post
China accused Obama's QE of devaluing our currency.
It will if released into the market.
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Old 08-12-2015, 10:22 AM
 
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Originally Posted by mm4 View Post
Well there's only one thing for the Fed to do.
Not really, and they stopped QE, it is just that most of the money hasn't been absorbed yet.
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Old 08-12-2015, 10:23 AM
mm4 mm4 started this thread
 
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Originally Posted by mountainrose View Post
What do you mean by devalue labor?
The devaluation of the yuan makes Chinese services, as well as products, cheaper on the world market.
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Old 08-12-2015, 10:27 AM
 
2,385 posts, read 1,587,677 times
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Quote:
Originally Posted by mm4 View Post
Europeans devalued theirs, Japan did, now China. They do that in order to increase the odds of gaining business opportunities, i.e., 'trade war.'

The blanket and saddle and yoke and head plume and tail bandage and other tack that Obamacare wants to buckle onto American workers costs too much for the dwindling number of American employers in the parade.
Lol. We are devalueing as well. We devalued first by starting Quantitative Easing. I'm always irritated if people claim we don't devalue our currency. The height of hypocrisy IMO.
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Old 08-12-2015, 10:28 AM
 
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Originally Posted by mm4 View Post
The devaluation of the yuan makes Chinese services, as well as products, cheaper on the world market.
Duh!
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Old 08-12-2015, 10:29 AM
 
26,497 posts, read 15,074,947 times
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Originally Posted by itsjustmeagain View Post
Lol. We are devalueing as well. We devalued first by starting Quantitative Easing. I'm always irritated if people claim we don't devalue our currency. The height of hypocrisy IMO.
Height of hypocrisy? Obama has had more Trickle Down Economics under him than any other president in US history including Reagan...and Obama has the gull to criticize Trickle Down in blanket statements to the cheers of his flock gathered at his speeches.

The Fed didn't start QE until Obama was elected and every Fed pick he has made has been a QE Trickle Down supporter.

How Quantitative Easing Helps the Rich and Soaks the Rest of Us - Reason.com

Trickle-down quantitative easing: James Saft | Reuters
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