And it is now finally well documented that the Chinese are keeping their currency artificially weak for the same reasons. It is as if the nations of the world were playing a game of chicken with the U.S. And what makes it even more scary from the U.S. point of view is that with the U.S. now such a huge debtor nation, it can't do anything about China's unwillingness to allow its currency to float to its true market value. China is waging an economic war against the U.S. and the way I see it there is no way we can win it now. This war with China should be front and center stage in America because it is far more important than the war with Iraq.
http://www.gold-eagle.com/gold_digest_03/taylor080403.html
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