Reply #1: Euro vs dollar. [View All]

[westerebus]

It's about the exchange rate and trade. China's playing the American debt card, their dollar off set supporting policy pushes up the Euro and keeps the dollar lower then it should be. They complain a lot, but they buy a lot.

It works for them. They get to keep their dollar peg in place and buy what they want, when they want. As long as they buy our debt, it works for us too.

Is it sustainable? No. Are they going to try to keep it going? You can bet the faith and credit of the American Government on it.

The IMF is calling out the China economic bubble and the American debt bubble and praying loudly neither goes bust.

The ECB isn't going to surrender their own house of cards with out a fight.

Game on.