Loading ...Without me looking all that up, who was responsible for the tax breaks to move business off shore, and who was responsible
for the tax HIKES to move business off shore, and who was responsible
for the rigged fixed currency exchange rate of $1 equal 7 Yuan, restricted to a narrow plus or minus 1% or 2% alleged “floating” free market exchange rate?
The above is the bottom line, and for equality, the Dollar should be equal to 2 Yuan, or create a “LONG Yuan” ETF so we can all go crazy buying it, drive it HIGHER to shove it right up the big multi national corporations and their retailers asses. LOL
For example a $1 equal 1 Yuan, would make Chinese imports 7 times more expensive, to inhibit importing, and promote manufacturing of widgets here. At the same time, Chinese consumers would get HUGE discounts on American made widget consumer products.
But we can’t sell them our Food or Fuel and Metals so cheap, that’s too important. Higher Yuan should only be exporting consumer products that end up at the curb or cheap at garage sales. Consumer electronics, US made tools ratchet sets, clothing etc. NOT the good stuff. .