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<p>[QUOTE=&quot;scottishmoney, post: 1622505, member: 12789&quot;]Anyone with a modicum of knowledge know that the Chinese are NOT going to peg the yuan to gold or the dollar.&nbsp; Their currency is undervalued vs. most other world currencies and they like it that way.&nbsp; Sure the US government makes an occasional little wave about removing the currency controls and letting the yuan float - because it will increase in value making Chinese exports more expensive - but the Chinese hold all the cards - they have budget and trade surpluses, they hold a lot of US Treasury debt etc.</p><p><br /></p><p>They may well be communists, but they can out capitalist the best minds in Washington or New York.[/QUOTE]</p><p><br /></p>

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