Money is Evil
Money is Evil
Out of context: Reply #154
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- zarkonite0
ok so on p8 of this paper we see that China did peg its money to the USD in 2008, prior to that it had been floating since 2005.
http://www.frbsf.org/publication…
I can't wait till tomorrow where you DON'T prove me wrong on anything.
- or if you want to learn french: http://lapresseaffai…zarkonite
- I just proved you wrong.
http://www.reuters.c…******** - "Until 2010, China had kept the Yuan in a fixed exchange rate against the US dollar, which kept the Yuan weaker than its free market rate"********
- than its free market rate"********
- nope, the article doesn't say that.zarkonite
- it says: Stock markets surged after China loosened the yuan's 23-month-old peg to the U.S. dollar"zarkonite
- that's 2010 minus 23 months = 2008. you're a math major??! hahahazarkonite