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Tuesday, June 1, 2010

China’s Currency Manipulation: About to Cause a Global Explosion?



Tim Geithner, Hillary Clinton and 200 other American bigwigs visited China this week.

First on the agenda: China’s position on the rising tensions between North and South Korea.

With the rest of the major economic powers of the world standing against the actions of North Korea — a nuclear threat run by an oppressive regime — a neutral standing China poses a reasonable concern for future global stability.

Another significant topic Geithner was hoping to make headway on was China’s currency policy. But China had little to say on the matter.

China’s currency continues to be a subject the U.S. is willing to tap dance around diplomatically. Because when the gloves eventually do come off, U.S./China relations could rapidly collapse.

That’s why China’s alignment on the Korean peninsula tensions is of particular significance

It puts the catalysts in place for potential fallout between China and the Western world, which could mean economic war and perhaps military war ahead.

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