Comments on: What is “Currency Manipulation”? http://manufacturethis.org/?p=8707 find out what America is made of Thu, 09 Sep 2010 00:57:24 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Scott Paul: Killer Trade Deficits. Literally. | 【Google Club】google,gmail,adsense,android http://manufacturethis.org/?p=8707&cpage=1#comment-321621 Scott Paul: Killer Trade Deficits. Literally. | 【Google Club】google,gmail,adsense,android Wed, 18 Aug 2010 16:09:30 +0000 http://manufacturethis.org/?p=8707#comment-321621 [...] American jobs over the past 8 years. One of the principal reasons for the trade deficit is China's currency manipulation, in which it buys dollars (accrued through its trade surplus with the U.S.) to keep the dollar [...] [...] American jobs over the past 8 years. One of the principal reasons for the trade deficit is China’s currency manipulation, in which it buys dollars (accrued through its trade surplus with the U.S.) to keep the dollar [...]

]]> By: Risks & Loans » Blog Archive » Scott Paul: China’s Currency Charade http://manufacturethis.org/?p=8707&cpage=1#comment-313346 Risks & Loans » Blog Archive » Scott Paul: China’s Currency Charade Tue, 22 Jun 2010 17:44:25 +0000 http://manufacturethis.org/?p=8707#comment-313346 [...] economists estimate that the yuan is undervalued by up to 40 percent. So, unless we see a 40 percent increase in the value of the yuan compared to the dollar over the [...] [...] economists estimate that the yuan is undervalued by up to 40 percent. So, unless we see a 40 percent increase in the value of the yuan compared to the dollar over the [...]

]]> By: Damian http://manufacturethis.org/?p=8707&cpage=1#comment-313304 Damian Tue, 22 Jun 2010 13:13:02 +0000 http://manufacturethis.org/?p=8707#comment-313304 No, currency manipulation is a real problem all right. Sure Chinese workers make 50 cents an hour- but consider they also live in free housing, get free food and many other free services. I'm not saying that number is accepatable, but you cannot directly compare their wages to an American worker- it is a Communist country after all. The 1994 to 2008 trade balance shift presented here really says it all. China's currency strategy is what is causing us to shift more and manufacturing over there- more so than there cheap labor and lax regulations. Until we address that, we will never be able to compete with their growth. No, currency manipulation is a real problem all right. Sure Chinese workers make 50 cents an hour- but consider they also live in free housing, get free food and many other free services. I’m not saying that number is accepatable, but you cannot directly compare their wages to an American worker- it is a Communist country after all.

The 1994 to 2008 trade balance shift presented here really says it all. China’s currency strategy is what is causing us to shift more and manufacturing over there- more so than there cheap labor and lax regulations. Until we address that, we will never be able to compete with their growth.

]]> By: Scott Paul: China’s Currency Charade | Joiner.ro - Indexare gratuita feed-uri RSS http://manufacturethis.org/?p=8707&cpage=1#comment-313288 Scott Paul: China’s Currency Charade | Joiner.ro - Indexare gratuita feed-uri RSS Tue, 22 Jun 2010 10:31:30 +0000 http://manufacturethis.org/?p=8707#comment-313288 [...] economists estimate that the yuan is undervalued by up to 40 percent. So, unless we see a 40 percent increase in the value of the yuan compared to the dollar over the [...] [...] economists estimate that the yuan is undervalued by up to 40 percent. So, unless we see a 40 percent increase in the value of the yuan compared to the dollar over the [...]

]]> By: Bd http://manufacturethis.org/?p=8707&cpage=1#comment-310488 Bd Thu, 20 May 2010 03:51:50 +0000 http://manufacturethis.org/?p=8707#comment-310488 I think this problem is much deeper than is being published. China has been labeled a currency manipulator and is a member of the WTO since 2001 this subject has had to have been in occurrence before and during their first initiations of the WTO. Also these topics and changes are very tedious and relative as is science so the signs had to be visible beforehand. I think this problem is much deeper than is being published. China has been labeled a currency manipulator and is a member of the WTO since 2001 this subject has had to have been in occurrence before and during their first initiations of the WTO. Also these topics and changes are very tedious and relative as is science so the signs had to be visible beforehand.

]]> By: USW Blog » Blog Archive » Hu . . .What??? http://manufacturethis.org/?p=8707&cpage=1#comment-307677 USW Blog » Blog Archive » Hu . . .What??? Wed, 14 Apr 2010 15:29:03 +0000 http://manufacturethis.org/?p=8707#comment-307677 [...] to Washington for Obama’s nuclear security summit he would have to have a serious chat about currency with President Obama and Secretary Geithner.  Hu also knew that he wasn’t ready to [...] [...] to Washington for Obama’s nuclear security summit he would have to have a serious chat about currency with President Obama and Secretary Geithner.  Hu also knew that he wasn’t ready to [...]

]]> By: SCapozzola http://manufacturethis.org/?p=8707&cpage=1#comment-307054 SCapozzola Mon, 05 Apr 2010 13:21:30 +0000 http://manufacturethis.org/?p=8707#comment-307054 Yes, Jose, some in the U.S. pushed heavily for exapnded trade with China. But unfortunately, we haven't enfoced our trade laws adequately since then. Yes, Jose, some in the U.S. pushed heavily for exapnded trade with China. But unfortunately, we haven’t enfoced our trade laws adequately since then.

]]> By: José Silva http://manufacturethis.org/?p=8707&cpage=1#comment-307050 José Silva Mon, 05 Apr 2010 09:45:22 +0000 http://manufacturethis.org/?p=8707#comment-307050 "But along the way, it has also earned the ire of the EU, Japan, and the WTO for continuing what is essentially an illegal practice." Wasn't the US the main advocate of Chinese entrance into the WTO in 2001? Why did the US let them into the WTO lowering most if not all tariffs levied on Chinese imports!? “But along the way, it has also earned the ire of the EU, Japan, and the WTO for continuing what is essentially an illegal practice.”

Wasn’t the US the main advocate of Chinese entrance into the WTO in 2001? Why did the US let them into the WTO lowering most if not all tariffs levied on Chinese imports!?

]]> By: Bruce Bishop http://manufacturethis.org/?p=8707&cpage=1#comment-305764 Bruce Bishop Fri, 19 Mar 2010 13:43:55 +0000 http://manufacturethis.org/?p=8707#comment-305764 It seems to me that arguing about currency manipulation allows politicians to avoid discussing the real problems: 1. With Chinese wages as low as fifty cents an hour and U.S. wages as high as fifty bucks an hour (UAW fully loaded), the Chinese labor cost advantage is insurmountable. 2. We are doing business with a criminal enterprise and pretending that it is okay. Perhaps the real truth is that the American Middle-Class has been standing in the way of the Progressives' plan to take this country in a socialist direction. No manufacturing means no middle class. It seems to me that arguing about currency manipulation allows politicians to avoid discussing the real problems:

1. With Chinese wages as low as fifty cents an hour and U.S. wages as high as fifty bucks an hour (UAW fully loaded), the Chinese labor cost advantage is insurmountable.

2. We are doing business with a criminal enterprise and pretending that it is okay.

Perhaps the real truth is that the American Middle-Class has been standing in the way of the Progressives’ plan to take this country in a socialist direction. No manufacturing means no middle class.

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