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|User Info||ROFL! China Tells IBs: Stuff It!; entered at 2009-09-02 00:49:48|
Registered: 2009-02-17 Hyper-Speculative Psycho-Facsistic Parabolic Blow-Off
Let's suppose that the U.S. Goobermint has no choice but to devalue the U.S. Peso, with some rumors being 50%, around DXY 40. This would really upset some foreign goobermints.
How far would China loosen the 'Dollar Peg' trading band or is this no longer an issue?
Would China enforce a ride of the Dollar down or let the currencies totally diverge?