Dann757 wrote:I always hear that they manipulate their currency to take unfair advantage of us.
Actually China keeps their currency firmly indexed to the US Dollar, which seems to be quite the proper thing to do under the auspices of the 1944 'Brenton Woods' agreement, whereby the Dollar was to be linked (indexed) to gold and all of the other world currencies were to be linked (indexed) to the Dollar, thereby making all of the worlds currencies "as good as gold".
The "problem" is that we are trying very hard to devalue the Dollar, and since the Chinese Renminbi is indexed directly to the Dollar, try as we may to devalue (debase) our Dollar, it still winds up that there are just as many Yuan (street language for Renminbi) to the Dollar today as there were yesterday and the day before that....
And this my friends is why the Chinese are claimed to be manipulating their currency to take advantage of us. They just don't play fair. No one is expected to follow rules.