Every once in a while, I like to give a plug to the China Currency Coalition. They sure seem to be fighting an uphill battle (although I’m baffled as to why their point of view isn’t making itself in the eyes of the public and legislators).
Their basic premise is that Chinese currency manipulation is unfair. Well, of course it is. It’s also illegal under various statutes and international obligations. I’m no lawyer, so I’ll leave that one to the lawyers.
I can tell you this. Currency manipulation was rampant during the second world war war, and it was used as a weapon of war. That’s pretty serious. So why don’t we take these things seriously now?