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In Reply to: RE: American Made Audio posted by 4everyoung on July 16, 2016 at 01:48:35
Please correct me if I'm wrong, China is the only country that manipulates the value of their currency to wage a form of economic warfare on the rest of the world.
The fact that so many things will never be made elsewhere are the result of governments asleep at their wheels.
Will cable, tubing, bearings, fittings, steel, aluminum, copper, plastics, chemicals and pharmaceuticals, eventually fall under Chinese control?
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Everybody with the means to do so manipulates the value of their currency, it just differs in what it is called officially.
If others do it it is blatant manipulation, if you do it yourself it is called quantitive easing.
Japan and S Korea manipulate their currencies as well.
.., Chinese control over manufacturing is not thought to be that big of an issue. Not yet, at least.Economy and politics is about "leverage" - who has it, who does not.
Edits: 07/16/16
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