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		<title>Re-valuation of the Chinese Renminbi</title>
		<description>Discuss Re-valuation of the Chinese Renminbi</description>
		<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi</link>
		<lastBuildDate>Sun, 05 Sep 2010 07:51:55 --800</lastBuildDate>
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			<title>Jason says:</title>
			<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-41</link>
			<description><![CDATA[Why are they complaining when we are getting cheap goods? I tell China to keep the "below" market price items coming if they are willing to. If I walk into Starbucks and they offer me coffee at 80% off, am I going to complain about it that they want to drive the other cafes out of business. Sell crazy elsewhere!]]></description>
			<dc:creator>Jason</dc:creator>
			<pubDate>Sun, 25 Apr 2010 14:26:36 --800</pubDate>
			<guid>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-41</guid>
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			<title>Buy American says:</title>
			<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-27</link>
			<description><![CDATA[I would be the first to give up on Chinese goods if that helps. But I highly doubt the others will follow suit, which makes the entire purpose meaningless.]]></description>
			<dc:creator>Buy American</dc:creator>
			<pubDate>Wed, 24 Mar 2010 14:45:48 --800</pubDate>
			<guid>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-27</guid>
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			<title>ItalianScholar says:</title>
			<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-25</link>
			<description><![CDATA[Well, China is going to find is hard to resist the pressure on its currency policy. A suppressed currency will cause lots of damage once the peg is removed. Latest report on the World Bank's "recommendation": http://www.nytimes.com/2010/03/18/business/global/18yuan.html]]></description>
			<dc:creator>ItalianScholar</dc:creator>
			<pubDate>Wed, 17 Mar 2010 17:36:20 --800</pubDate>
			<guid>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-25</guid>
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			<title>Jerry The Great says:</title>
			<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-21</link>
			<description><![CDATA[If the goal is to ease the "hit," then we can simply enforce a mandatory savings regime (or people are smart enough to save) and consume less of the cheap goods. Use that money when the exchange rate adjusts. Or better yet, buy Chinese RMB and convert that back to USD when rates adjust. I agree with the point about self sufficient, but it really is hard to grow everything yourself. It is simply not smart because the footloose cost is very high in most cases.]]></description>
			<dc:creator>Jerry The Great</dc:creator>
			<pubDate>Sat, 13 Mar 2010 12:25:26 --800</pubDate>
			<guid>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-21</guid>
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			<title>PatLogan says:</title>
			<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-18</link>
			<description><![CDATA[Yes, I agree that we will suffer in the short run if the Chinese adjusts the currency to the proper market value, say 1 USD to 5 RMB. However, that is much better than, say 5 years later, when the adjustment goes from 1:7 to 1:4. The hit will be overwhelming. It's just reality, we need to learn to deal with it. The other part being being more self-sufficient. We are relying way too much on foreign imports. We should at least have the capacity to be self sufficient (at least temporarily) if needed and this is a good start.]]></description>
			<dc:creator>PatLogan</dc:creator>
			<pubDate>Wed, 10 Mar 2010 00:29:33 --800</pubDate>
			<guid>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-18</guid>
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			<title>Gnomie says:</title>
			<link>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-17</link>
			<description><![CDATA[Good read. Notice that it is the politicians using these kind of issues to gain popular support from voters. But I think the impact on our export industry is probably bigger than what Tsang said. In the short run there should be a "vaacum" effect since no one can replace chinese goods overnight. This will end up in people consuming other substitution and more expensive goods. The domestic industries might build up to some extent but I highly doubt it. We will simply have the same goods made in Mexico instead, although more expensive than China.]]></description>
			<dc:creator>Gnomie</dc:creator>
			<pubDate>Mon, 08 Mar 2010 01:41:44 --800</pubDate>
			<guid>http://www.moneyeconomics.com/Commentaries/Re-valuation-of-the-Chinese-Renminbi#comment-17</guid>
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