Quote:
Originally Posted by Cimarron29414
Well, I didn't say "fixes all". I named specific areas. But, is there a third option between "the government" and "the people" (generally termed "society")?
---------- Post added at 07:31 PM ---------- Previous post was at 07:21 PM ----------
The World Monetary Fund and World Bank most certainly control loan levels which have an influence over currency exchange rates. Both organizations look favorably upon China as a developing nation.
As for "Under Obama..", I am not talking about Obama and never have. I am talking about the federal government. As for the rise in currency, I am talking about since 2001. I will apologize for not qualifying my statements with a date range. I know you guys all get caught up in an Obama vs. Bush thing. I don't differentiate as I find both of their governments overstepped their bounds tremendously.
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Wow. Just wow.
There is no "World Monetary Fund." There is the International Monetary Fund. And while the International Monetary Fund does provide funds to nations in distress to stabilize the economy and the exchange rate (often with disastrous effects), the last time the IMF lent to China it was a standby loan and the deal ended in 1987. And the only way the IMF would be able to force any sort of change in exchange rates would be by enforcing the conditionality of the agreements IF it had lent China anything.
In fact, China has been increasing it's purchase of IMF Bonds, and increasing its quota, which means that it has been giving the IMF money, not the other way around.
And no, the World Bank does not determine exchange rates one way or another.
And you've yet to explain how M2, added over a decade, will lead to hyperinflation. And why m2, not m1 or m3.
It is amazing to me how you so stringently defend opinions when it is clear that you have no idea what you are talking about.