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Bank of China lets U.S. customers trade RMB



The people who were demanding China let its currency rise will soon enough be complaining about getting what they asked for. No, wait, they'll be out of office and some new group of putzes will be saying "No one could have predicted it ..."


-- another perspective --

[E]ach seven Yuan purchased will replace one U.S. dollar on the international foreign exchange. Each contract priced in Yuan will replace the previous use of the U.S. dollar in those transactions.

Entry #478


Rick GComment by Rick G - January 17, 2011, 1:33 pm
"No one could have predicted it ..."

Famous last words.
jarasanComment by jarasan - January 17, 2011, 2:58 pm
The sheer pile of $h1T that miserable over rated euthanizing murderous communist counrty produces they must mean. Everything they make is crap, it is junk, it is poisonous and yet people keep buying it!!!!!!!!!!!!!!!!!!!! It is hard to understand, I see China written on it I don't buy it, I know it is ubiquitous for eg. in alot of electronic stuff because of the high fail rates in a lot of the stuff out there I see it first hand. Oh yeah, Chinese mothers are great because they are only allowed one child right???? You know what happens to number two right??????????? I'm done with these commies.....
time*treatComment by time*treat - January 17, 2011, 5:32 pm
Not *everything* they make is crap -- (You'd be furious to know the amount of weapons and other tech that was transfered to them over the last ~20 yrs.) -- their stealth ability is not so bad. Remember this from 2007? Chinese sub pops up in middle of U.S. Navy exercise, leaving military chiefs red-faced
jarasanComment by jarasan - January 17, 2011, 6:46 pm
Yes I do know about their weapon production from industrial and military espionage, but they don't import that to WalMart. Look at the cause at the bottom of the article:


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