[Info-vax] Looks like HP has been stepping in the doo-doo again

[JF Mezei]

VAXman- @SendSpamHere.ORG wrote:

> Open your eyes and look around; oblivion days are here...


If China were able to uncouple its currency from the USD, the Yuan would
rise significantly and the USD would drop and this would allow normal
mechanisms to work and reduce Chinese exports and increase Chinese imports.

But China has billions (if not trillions) invested in the USA (such as
govt bonds) and would lose a good chunk of that (relative to the Yuan)
if it allowed the Yuan-USD relationship to spread apart.

The link between Yuan and USD means that China is effectly part of the
United States except chinese workers/businesses don't pay tax to the US
govt.

While China has taken manufacturing jobs, India has been taking IT and
telephone support jobs from just about every english speaking country.
Currency is free to move against the USD and has risen, but from what I
read, the "outsourcing" business is still relatively small compared to
the whole indian economy and thus the currency impact is not very big.